India Biodiesel Market Shipment Analysis
India Biodiesel Market registered a growth of 43.75% in value shipments in 2022 as compared to 2021 and a decrease of -16.71% CAGR in 2022 over a period of 2017. In Biodiesel Market India is becoming less competitive as HHI index in 2022 was 4141 while in 2017 it was 2698. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Biodiesel Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Biodiesel Market in 2022 was 0.35 while in 2017 it was 1.07. China, Belgium, USA, Singapore and Italy were among the top players of the market in 2022, where China acquired the largest market share of 59.05% with a shipment value of 1.25 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Biodiesel Market. In 2017 United Arab Emirates had the largest market share of 40.21% with the shipment value of 1.78 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As United Arab Emiratesprice is lower than the average price, it provided a significant edge among other competitor in 2017.
India Biodiesel Market Synopsis
India is one of the leading producers and consumers of biodiesel in the world. The market size for biodiesel in India was estimated to be around USD 2 billion in 2020, and is expected to grow at a CAGR of 10.6% during the forecast period (2020-2026). With increasing environmental concerns due to rising greenhouse gas emissions, demand for renewable fuels such as biodiesel has been on the rise across India. This has enabled several government initiatives towards promoting its usage among various sectors including transportation, industrial manufacturing and others.
Drivers of the Market:
1. Increasing Government Support & Subsidies – The Indian government provides various incentives such as subsidies and tax exemptions for setting up production facilities or marketing biofuel products including biodiesel across India which drives its market growth significantly.
2. Growing Environmental Concerns – Rising concern over global warming has led to an increased drive towards using more environment friendly sources of energy like biofuels resulting in increased consumption of biodiesel across different industries further fueling its market growth potential in India
3. Technological Advancements - Increasing technological advancements are enabling cost effective methods for producing higher quality biodiesel from used cooking oil which increases its adoption rate particularly among industrial users who use larger quantities thus driving its overall market size significantly
Challenges of the Market:
1 . High Production Cost – Despite significant advances made by Indian manufacturers towards producing low cost high quality fuel grade diesel, it still remains expensive compared with regular petroleum based diesel thus creating a major challenge within this sector
2 . Fluctuating Raw Material Prices – Fluctuation in raw material prices can affect production costs associated with producing biodiesel resulting lower profits margins especially when price movements tend to happen suddenly making it difficult for companies operating within this sector
Trends of the Market:
1) Increased Usage Among Automobile Industry - Increasing preference among automobile industry players towards using alternative means of fuelling vehicles instead of traditional petrol or diesel results into increased consumption rates amongst them.
2) Use Of Renewable Resources For Biodisel Production - Growing awareness regarding depleting fossil fuel reserves has led manufacturers shift their focus toward developing newer technologies that enable effective utilization renewable resources like waste vegetable oils etc., while producing higher quality fuels than before.
3) Growth In Biofuel Blends- Expansion plans related to increasing blending ratios between conventional petroleum-based fuels along with biofuels are expected remain key trend going forward aiding overall growth prospects affiliated with this particular segment
Key Highlights of the Report:
- India Biodiesel Market Outlook
- Market Size of India Biodiesel Market, 2019
- Forecast of India Biodiesel Market, 2026
- Historical Data and Forecast of India Biodiesel Revenues & Volume for the Period 2016 - 2026
- India Biodiesel Market Trend Evolution
- India Biodiesel Market Drivers and Challenges
- India Biodiesel Price Trends
- India Biodiesel Porter's Five Forces
- India Biodiesel Industry Life Cycle
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Feedstock for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Vegetable Oils for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Animal Fats for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Applications for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Power Generation for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Fuel for the Period 2016 - 2026
- Historical Data and Forecast of India Biodiesel Market Revenues & Volume By Others for the Period 2016 - 2026
- India Biodiesel Import Export Trade Statistics
- Market Opportunity Assessment By Feedstock
- Market Opportunity Assessment By Applications
- India Biodiesel Top Companies Market Share
- India Biodiesel Competitive Benchmarking By Technical and Operational Parameters
- India Biodiesel Company Profiles
- India Biodiesel Key Strategic Recommendations
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Biodiesel Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Biodiesel Market Revenues & Volume, 2019 & 2026F |
3.3 India Biodiesel Market - Industry Life Cycle |
3.4 India Biodiesel Market - Porter's Five Forces |
3.5 India Biodiesel Market Revenues & Volume Share, By Feedstock, 2019 & 2026F |
3.6 India Biodiesel Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 India Biodiesel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Biodiesel Market Trends |
6 India Biodiesel Market, By Types |
6.1 India Biodiesel Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 India Biodiesel Market Revenues & Volume, By Feedstock, 2016 - 2026F |
6.1.3 India Biodiesel Market Revenues & Volume, By Vegetable Oils, 2016 - 2026F |
6.1.4 India Biodiesel Market Revenues & Volume, By Animal Fats, 2016 - 2026F |
6.2 India Biodiesel Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Biodiesel Market Revenues & Volume, By Power Generation, 2016 - 2026F |
6.2.3 India Biodiesel Market Revenues & Volume, By Fuel, 2016 - 2026F |
6.2.4 India Biodiesel Market Revenues & Volume, By Others, 2016 - 2026F |
7 India Biodiesel Market Import-Export Trade Statistics |
7.1 India Biodiesel Market Export to Major Countries |
7.2 India Biodiesel Market Imports from Major Countries |
8 India Biodiesel Market Key Performance Indicators |
9 India Biodiesel Market - Opportunity Assessment |
9.1 India Biodiesel Market Opportunity Assessment, By Feedstock, 2019 & 2026F |
9.2 India Biodiesel Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 India Biodiesel Market - Competitive Landscape |
10.1 India Biodiesel Market Revenue Share, By Companies, 2019 |
10.2 India Biodiesel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
