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Over the years, Newamstar has made continuous breakthroughs and innovations in the field of edible oil packaging technology. On the one hand, it has successively launched packaging solutions for
ReportLinkerEdible Oil Market Outlook 2025 2028
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- How has demand for edible oil changed over the past 4 years?
- Demand for edible oil (edible oil being an essential food commodity), has stayed relatively stable over the past four years (FY18-21), recording at average levels of ~4.6mln MT and growing at a CAGR of ~1% during the same period. However, FY22 paints a different scenario, seeing as demand has fallen by ~2% YoY, recording at ~3.9mln MT.
- Who eats edible oil?
- The product is consumed by almost all classes of society, with per capita consumption patterns varying across the globe. Global edible oil market size increased by ~11% over the last year (MY22), as the average global prices climbed to USD~1,707/MT, against USD~1,343/MT in FY21.
- Why is the edible oil sector reliant on short-term borrowings?
- Edible oil sector’s working capital requirements are high due to high inventory needs. Significant reliance of the sector on short-borrowings depicts an aggressive working capital management which exposes sector to credit risk. Short-term borrowings comprise ~60% of the total borrowings mix.
- What happened to edible oil in FY21?
- USD~1,707/MT as compared to USD~1,343/MT during FY21, registering an increase of ~21%. Per capita consumption of edible oil also recorded a slight decline of ~1% YoY, to stand at ~18.1Kg per capita. Previously, this figure was ~18.3Kg per capita.
- Could oleochemistry play a role in vegetable oil consumption?
- Another element could play on vegetable oil consumption: non-food uses for oleochemistry. We know that the development of oleochemistry is highly dependent on petroleum prices competition, but also on regulations and policies which could favour a series of small markets on sustainability or biodegradability criteria.
- How did Pakistan's edible oil market perform in FY22?
- Pakistan’s edible oil market was recorded at USD~5,720mln in FY22, posting a YoY increase of ~36% (FY21: USD~4,369mln). Local consumption was recorded at ~3.9mln MT in FY22, down ~2% YoY (FY21: ~4.0mln MT). USD~1,707/MT as compared to USD~1,343/MT during FY21, registering an increase of ~21%.