Margarine Prices in India
| Variety | Market level | Price (US$/kg) | Local (INR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Export (unit value) | 2.16 | 179 | ▼ 51.0% | ▼ 51.0% | UN Comtrade (unit value) |
As of January 2024, the margarine price in India is US$ 2.16 per kg (179 INR), down 51.0% year-on-year.
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Margarine Price History & Trend
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Production, Exports, Imports & HS Codes — margarine in India
Exports UN Comtrade · 2024
In 2024, India exported $481.7K (223.4 t) of margarine▼ 67.5% YoY. That ranks #75 worldwide (0% of global exports).
Export value by year (US$)
Export volume by year
Top margarine exporters worldwide UN Comtrade · 2024
- #1 Poland $286.3M · 15.3%
- #2 Belgium $217.7M · 11.6%
- #3 Netherlands $115M · 6.1%
- #4 Indonesia $104.1M · 5.6%
- #5 Germany $94.9M · 5.1%
Annual export data India · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $481.7K | 223.4 t | $2.16 |
| 2023 | $1.5M | 337.1 t | $4.4 |
| 2022 | $656.6K | 249.2 t | $2.64 |
| 2021 | $530K | 170.7 t | $3.1 |
| 2020 | $319.1K | 153.7 t | $2.08 |
Production FAOSTAT · 2023
India produced 445 kt of margarine in 2023▲ 2.1% YoY. It ranks #7 among producing countries (3.4% of world output).
Production by year (tonnes)
HS Code
margarine is traded under Harmonized System code 1517.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS — UN Comtrade; production — FAOSTAT (FAO). Values are official reported figures.