Palm Oil Imports into India 2017 – List of Palm Oil Importers in India

28 February 2018
Palm Oil Imports

India is the world’s biggest buyer of palm oil, which accounted USD 9748 million during 2017. The country imported 13131666 MTS of palm oil from the global countries, especially from Indonesia and Malaysia in the last year. According to a report on palm oil imports in India, revealed by Export Genius; June month recorded maximum import shipments of crude palm oil, which accounted USD 1121 million. Total 1512360 MTS of palm oil imported into India in the month of June. Our analysis report provides a wider and better picture of palm oil import market of India. It is prepared by our market research team on the basis of authentic palm oil import data true palm oil shipment records of India received from customs and other authorized sources. Here are important points from this report.


See Palm Oil Import Samples of India



Indian Import Market of Palm Oil – June Month Recorded Highest Shipments


Palm oil (HS Code 1511) is a fatty edible vegetable oil and yellowish in colour. It is derived from the flesh and the kernel of the fruit of the oil palm tree. The leaves of oil palm tree can gain a height of around 20 meters. The fruits of this tree are bigger than plums in size, reddish in colour and have a single seeded kernel inside. The oil palm tree is native to the areas of coastal Africa and appears different from a coconut palm tree. Crude Palm Oil (CPO) is one of the most important edible oils in India.


India holds a very small share of palm oil production in the world. In fact, it hardly contributes to the world production of palm oil and is not able to satisfy its domestic consumption demand. India roughly produces around 70000 tons of palm oil annually, which stands approximately 0.2% share in the world’s total production. Kerala is the largest palm producing state in India, with 30% share in the total production figures of the country. India’s consumption of palm oil hovers around 3.7 million tons, which is a much bigger quantity as compared to the production figures. The country ranks 4 among countries consuming palm oil in the world. The major demand of palm oil arises from the food & cooking oil industries.


According to, the Indonesian Palm Oil Association, commonly known as Gapki, shipments of palm and kernel oils to India climbed 32% to record 7.6 million metric tons in 2017 from a year earlier. So, what is the performance of crude palm oil trading in India during all months of 2017? Here are India import statistics of palm oil during January to December 2017.


 


Month

Value USD (%)

Value USD

January

6.95%

677255947

February

6.67%

650200570

March

7.51%

731983283

April

6.86%

668619608

May

8.27%

805806729

June

11.51%

1121898010

July

6.49%

632451273

August

9.74%

949665155

September

11.25%

1096412720

October

10.12%

986754795

November

6.86%

669037740

December

7.78%

758464857

 



HS Code-wise Analysis of India’s Palm Oil Imports – Palm Oil of HS Code 15111000 Imported Maximum


As we know India imports crude palm oil the most, so palm oil under HS Code 15111000 worth USD 6283 million were imported maximum into the country during 2017. It shared 64.45% value to total India imports of palm oil in the said year. And HS Code 15119020 shared 33.29% value to total palm oil imports in the same year. Here is HS Code-wise analysis of palm oil imports in India during 2017. 


 


HS Code

Value USD (%)

Value USD

15111000

64.45%

6283179268

15119020

33.29%

3245713447

15132110

1.83%

178001922

 



Types of Palm Oil – India Recorded Highest Shipments of Crude Palm Oil


Palm oil of various edible forms are traded in the market including Crude Palm Oil, Crude Palmolein, RBD (refined, bleached, deodorized) Palm Oil, RBD Palmolein and Crude Palm Kernel Oil. India imports crude palm oil in huge quantity mainly from Indonesia and Malaysia to meet its consumption. In fact, India imported 8857288 MTS of crude palm oil in 2017, followed by RBD palm oil with 4274378 MTS quantity. Here is an overview of India’s import performance of palm oil with shipment values of palm oil registered in 2017.


 


Type

Value USD (%)

Value USD

Crude Palm Oil

66.67%

6499530239

RBD Palm Oil

33.33%

3249020447

 



Foreign Country-wise Analysis – India Imported Palm Oil Mostly from Indonesia


As we know Indonesia and Malaysia are the largest producing & exporting countries of palm oil; so India’s crude palm oil trading is the highest with these two countries. Together, Indonesia and Malaysia account for over 85% of world production of crude palm oil, with most of that produced intended for exports.


Malaysian palm oil exports are likely to fall in 2018, after India raised its import duties to the highest in a decade. India lifted the import tax on crude palm oil to 30% from 15% and increased import tax duty on refined palm oil imports to 40% from 25%. India, which relies on imports to meet about 70% of its total vegetable oil requirements,


Why India increased import duty on palm oil? The primary objective is to make the prices of soyabean and groundnut above the minimum support price. The second objective of the move is to offset the export duty imposed by palm oil exporting countries especially Indonesia and Malaysia. Here are 3 largest palm oil import partners of India with trade figures recorded in 2017.


 


Foreign Country

Value USD (%)

Value USD

Indonesia

75.81%

7390042418

Malaysia

22.05%

2149444271

Thailand

1.80%

175948155

 



Indian Port-wise Analysis – Kandla Sea Recorded Highest Palm Oil Shipments


According to Export Genius report on palm oil industry in India, the highest shipments of palm oil arrived at India’s Kandla Sea Port during 2017. Total 3534320 MTS of palm oil arrived at this port, which shared 26.31% among total ports of India. Also, get port codes of India here. It was followed by Krishnapatnam Sea Port and Kolkata Sea Port with 16.26% and 14.91% share in value respectively. Here is the list of 10 largest Indian ports were palm oil shipments arrived during 2017.


 


Indian Port

Value USD (%)

Value USD

Kandla Sea

26.31%

2564584901

Krishnapatnam Sea

16.26%

1584818086

Kolkata Sea

14.91%

1453633932

Chennai Sea

9.77%

952168909

Nhava Sheva Sea

7.46%

726756970

Mangalore Sea

7.18%

700268584

Kakinada Sea

5.95%

580086325

Tuticorin Sea

4.70%

458093706

Mundra Sea

3.78%

368732044

Mumbai Custom House Sea

1.16%

112744140

 



Indian Importer-wise Analysis – Adani Wilmar Ltd. Stood as the Top Indian Importer of Palm Oil


Adani Wilmar Ltd. stood as the largest Indian importer of palm oil during 2017, which shared 11.24% value to India’s imports of palm oil. Export Genius has shared few crude palm oil buyers in India for the reference with their trade performance in 2017. If you want complete shipments of palm oil imports in India along with the complete list of crude palm oil importers in India, you can buy our India customs data of palm oil with information on palm oil traders in India at the best possible prices.   

 

Importer Name

Value USD (%)

Largest Imported Type of Palm Oil

Adani Wilmar Ltd.

11.24%

Crude Palm Oil

Emami Agrotech Ltd.

9.55%

Crude Palm Oil

Ruchi Soya Industries Ltd.

8.71%

Crude Palm Oil

South India Krishna Oil & Fats Pvt. Ltd.

4.19%

Crude Palm Oil

Gokul Agro Resources Ltd.

4.02%

Crude Palm Oil

 

Through India import sample of palm oil given below, you can check out the columns that are covered in palm oil import data of India.

 

HS Code

15119020

Product Description

RBD Palmolein (Edible Grade) In Bulk

Type

RBD Palm Oil

Quantity

200 MTS

Value (USD)

160648.98

Import Duty (USD)

24820.26

Foreign Country

Indonesia

Date, Indian Importer Name of Palm Oil with Contact Details, Foreign Exporter Name of Palm Oil, Indian Port, etc.

 

*Available on Purchase Only

 



Benefits of Export Genius Analysis Report on Palm Oil Imports in India


For Indian Buyers of Palm Oil: From getting the list of palm oil importers in India, analyse the competition level in the market and take business decisions as per the need. They can also find new and active foreign exporters of palm oil in the world, especially in Indonesia and Malaysia who are the largest exporter countries of palm oil.


For Foreign Suppliers of Palm Oil: Foreign suppliers of palm oil in Indonesia and Malaysia can locate trusted importers of palm in India to boost their business.


For Banks: By having details of companies importing & exporting palm oil, banks can approach them for having benefits of their financial services.


For Logistics Companies: Logistics companies can find new customers by knowing which Indian port welcomes the shipments of palm oil from other countries.


For Market Research Agencies: Last but not least, market research companies can use our analysis report and shipment details of India import palm oil to come up with more and better findings. 


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.


 Also, read Palm Oil Export and Import in the World.

Is this article helpful. Share with others!   

Add Comments


 
To Get Quick Response
Request a Demo close modal