It provides a wide range of benefits to the cuisines, in which it is used by enhancing the moisture content and increasing the frequency between the frying pan and the object that facilitates the process of cooking. The increasing demand for cooking oil has made the export trade of this globally sought commodity a crucial player in the growing economy worldwide driven mainly by its health-concerned nature towards the consumer.
The export market of cooking oil has recorded different upward trend in its overall export growth because of the efficient production capabilities of the manufacturing sectors and the advanced tech-equipped products used in the extraction method from a variety of seeds which has resulted in an export trade value of 92 billion US dollars in 2023. The changing dietary preferences of the growing global population and the growing health awareness among people worldwide are leading to the adoption of different cooking cuisines that leads to a higher growth of exports.
The Global Cooking Oil Trade Data enlists the below-mentioned as the leading brands of 2023,
1. Cargill Inc. - Export valuation of cooking oil from Cargill Inc. in 2023 - 34 billion US dollars.
2. Archer Daniels Midland Company - Export valuation of cooking oil from Archer Daniels Midland Company in 2023 - 25 billion US dollars.
3. Bunge Limited - Export valuation of cooking oil from Bunge Limited in 2023 - 20 billion US dollars.
4. ACH Food Companies Inc. - Export valuation of cooking oil from ACH Food Companies Inc. in 2023 - 18 billion US dollars.
5. Louis Dreyfus Company - Export valuation of cooking oil from Louis Dreyfus Company in 2023 - 15 billion US dollars.
6. IFFCO Group - Export valuation of cooking oil from IFFCO Group in 2023 - 14 billion US dollars.
7. BRF S.A. - Export valuation of cooking oil from BRF S.A. in 2023 - 12 billion US dollars.
8. Marico Limited - Export valuation of cooking oil from Marico Limited in 2023 - 11 billion US dollars.
9. Conagra Brands Inc. - Export valuation of cooking oil from Conagra Brands Inc in 2023 - 9 billion US dollars.
10. Agro Tech Foods Ltd. - Export valuation of cooking oil from Agro Tech Foods Ltd. in 2023 - 8 billion US dollars.
The vital role of cooking oil in everyday cooking and the wide range of health benefits before its consumption have led to a tremendous growth in its export. According to the Global Cooking Oil Export Data, the top 10 exporters of cooking oil in 2023 are discussed below,
1. Indonesia - According to the Indonesia Export Data, Valuation of cooking oil export from Indonesia in 2023 - 22 billion US dollars.
Top cooking oil export brands from Indonesia
1. Astra Agro Lestari
2. Wilmar International
3. Golden Agri resources
4. Musim Mas
5. Cargill Indonesia
2. Malaysia - According to the Malaysia Export Data, Valuation of cooking oil export from Malaysia in 2023 - 18 billion US dollars.
Top cooking oil export brands from Malaysia
1. IOI Cooperation
2. Sime Darby plantation
3. Kuala Lumpur Kepong Berhad
4. Felda Global Ventures
5. Musim Mas
3. Argentina - According to the Argentina Export Data, the valuation of cooking oil export from Argentina in 2023 - 12 billion US dollars.
Top cooking oil export brands from Argentina
1. Aceitera General Deheza
2. Los Grobo
3. Cargill Argentina
4. Bunge Argentina
5. Alba S.A
4. Brazil - According to the Brazil Export Data, the valuation of cooking oil export from Brazil in 2023 - 10 billion US dollars.
Top cooking oil export brands from Brazil
• Cargill Brazil
• Bunge Brazil
• ADM do Brazil
• J Macedo
• Soya
5. United States - According to the USA Export Data, the valuation of cooking oil export from the United States in 2023 - 8 billion US dollars.
Top cooking oil export brands from the United States
• Cargill
• Archer Daniels Midland
• Bunge North America
• CHS Inc
• Spectrum Organics
6. Canada - According to the Canada Export Data, the valuation of cooking oil export from Canada in 2023 - 7 billion US dollars.
Top cooking oil export brands from Canada
• Cargill Canada
• Richardson International
• Canola Council of Canada
• Agropur
• Pinnacle foods
7. Ukraine - According to the Ukraine Export Data, the valuation of cooking oil export from Ukraine in 2023 - 5 billion US dollars.
Top cooking oil export brands from Ukraine
• Kernel
• Cerealia
• MHP
• Suntoil
• Vioil
8. Russia - According to the Russia Export Data, the valuation of cooking oil export from Russia in 2023 - 4 billion US dollars.
Top cooking oil export brands from Russia
• Unimilk
• Efkona
• Cargill Russia
• Russkaya Dola
• Aston
9. Thailand - According to the Thailand Export Data, the valuation of cooking oil export from Thailand in 2023 - 3 billion US dollars.
Top cooking oil export brands from Thailand
• Thai Union Group
• Chao Phaya
• C.P Group
• Bangkok palm oil
• Nexter foods
10. Spain - According to the Spain Export Data, the valuation of cooking oil export from Spain in 2023 - 2 billion US dollars
Top cooking oil export brands from Spain.
• Deoleo
• Oleoestepa
• Aceites del Sur
• Olivares
• La Espanola
The cooking oil industry has been acknowledging different hikes in its trade growth because of the rapidly increasing demands. According to the Global Cooking Oil Customs Shipment Data, the top 10 globally exported variants of cooking oil in 2023 are,
1. Olive oil - Global export value - 24 billion US dollars
2. Soybean oil- Global export value - 20 billion US dollars
3. Sunflower oil- Global export value - 17 billion US dollars
4. Palm oil - Global export value - 14 billion US dollars
5. Rapeseed oil- Global export value - 12 billion US dollars
6. Corn oil- Global export value - 10 billion US dollars
7. Cottonseed oil - Global export value - 8 billion US dollars
8. Groundnut oil- Global export value - 6 billion US dollars
9. Rice bran oil- Global export value - 5 billion US dollars
10. Canola oil - Global export value - 4 billion US dollars
Que. Who is the leading exporter of cooking oil in 2023?
Ans. Indonesia is the leading exporter of cooking oil in 2023.
Que. Name the leading cooking oil export brand of 2023.
Ans. Cargill Inc. is the leading cooking oil export brand of 2023.
Que. What is the global export value of cooking oil in 2023?
Ans. The global export value of cooking oil in 2023 is 92 billion US dollars.
Que. Where can you get the detailed trade analysis of the Global Cooking oil Export of 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Global Cooking oil Exports for 2023.