Mustard Oil Export from India: Trends and Insights for 2024
India has long been known for its rich agricultural heritage, and among its many exports, mustard oil stands out as a significant product. This oil, derived from the seeds of the mustard plant, is not only valued for its culinary uses but also for its health benefits.
Furthermore, its strong flavor and aroma make it a popular choice in Indian kitchens, where it is used in a variety of dishes, from pickles to curries. The cultivation and production of mustard oil also provide livelihoods for countless farmers and contribute to the rural economy, highlighting its importance beyond just a cooking ingredient.
In 2024, global import export data indicates a growing demand for mustard oil, with significant trends reflected in the latest import export data.
The mustard oil export data for 2024 reveals key insights into market dynamics, helping stakeholders understand the potential for growth in both domestic and international markets.
In this blog, we will explore the latest trends in India’s mustard oil export data, highlighting key statistics and insights for 2024.
Current State of Production
Production Statistics: In the 2023-2024 season, India produced approximately 11 million metric tons of mustard seeds, with an oil extraction rate remaining stable at around 38%. This marks a slight increase from previous years, reflecting improved agricultural practices and favorable weather conditions.
Key States: Rajasthan continues to lead mustard production, contributing about 42% of the total output. Haryana and Punjab follow, accounting for 22% and 16%, respectively. This regional concentration underscores the importance of these states in sustaining India’s mustard oil supply.
Market Share: Mustard oil constitutes nearly 27% of the total edible oil consumption in India, showcasing its growing popularity among consumers who prefer healthier cooking oils.
India’s Export Data
India is one of the largest producers of mustard oil, and the export data reflects this. In 2023, India exported approximately 1.2 million metric tons of mustard oil, generating around $1 billion in revenue. With the global market expanding, Indian mustard oil export data is expected to increase by 20% in 2024.
Let see the latest India export data for mustard oil:
Key Markets for Indian Mustard Oil
The key markets for Indian mustard oil include:
- United States: The demand for organic mustard oil is rising, with imports increasing by 25% in the last year.
- Canada: Known for its culinary uses, Canada is a significant importer, with a steady growth rate.
- European Union: Countries like Germany and the UK focus on healthy cooking oils, making them prime markets.
Top 10 countries purchase Mustard Oil from India
Conclusion
In conclusion, mustard oil export from India is poised for significant growth in 2024. With health benefits driving demand and strategic market positioning, Indian exporters can capitalize on this opportunity. Keeping an eye on global trends and adapting to market needs will be crucial for success in the coming year.
Comments
Post a Comment