However, cooking oil production in India is expected to increase from almost 13 million tons to around 23 million tons in over the same period, leaving a deficit of around 7 million tons. The country's cooking oil demand would increase from around 27 million tons in 2021-22 to 30 million tons in 2030-31. India is the world's largest importer of cooking oil with import volumes ranging from 6.6 to 14.1 billion. In international trade, vegetable/palm oil is normally transported in segmented packages aboard chemical tankers with lined or stainless steel tanks. The growth of the market is attributed to the increasing demand for vegetable oils. The market is expected to garner a revenue of USD 45 billion by the end of 2035, up from a revenue of ~USD 31 billion in the year 2022.
07, 2023 (GLOBE NEWSWIRE) - The global chemical tankers market size is projected to expand at ~5% CAGR between 20. LTD, Wilmar International Ltd, MISC Berhad, Team Tankers International Ltd, Group, Global Chemical Group, and Hafnia Group. Key chemical tankers market players include Bahri, Stolt-Nielsen Limited, Odfjell, Navig8 Limited, MOL CHEMICAL TANKERS PTE.
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