Global Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size

The global palm fruit oil market revenue amounted to $X in 2017, growing by X% against the previous year. In general, palm fruit oil consumption continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the global palm fruit oil market reached their peak level, and is likely to continue its growth in the immediate term.

Palm Fruit Oil Production

Global palm fruit oil production totaled X tons in 2017, increasing by X% against the previous year. Overall, the total output indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Global palm fruit oil production peaked in 2017, and is expected to retain its growth in the immediate term.

Palm Fruit Oil Exports

Exports 2007-2017

In 2017, the amount of palm fruit oil exported worldwide totaled X tons, waning by -X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. Global exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, palm fruit oil exports totaled $X in 2017. In general, the total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global palm fruit oil exports attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Exports by Country

Indonesia represented the main exporter of palm fruit oil in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X tons), committing X% share of total exports. The following exporters - the Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of global exports. Papua New Guinea and Guatemala lagged somewhat behind, together comprising a further X%.

Guatemala (+X% per year) experienced the highest rates of growth with regard to exports, among the main exporting countriesover the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average palm fruit oil export price stood at $X per ton in 2017, coming up by X% against the previous year. In general, the export price indicated a mild expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. Over the period under review, the average export prices for palm fruit oil reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other global leaders experienced more modest paces of growth.

Palm Fruit Oil Imports

Imports 2007-2017

In 2017, the global imports of palm fruit oil amounted to X tons, surging by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2009, when imports increased by X% against the previous year. Over the period under review, the global palm fruit oil imports attained its peak figure volume of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports amounted to $X in 2017. Overall, the total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Global imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) represented the key importers of palm fruit oil, together constituting X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), Bangladesh (X tons), Turkey (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) occupied the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest palm fruit oil markets worldwide were India ($X), China ($X) and Pakistan ($X), with a combined X% share of global imports. The Netherlands, Spain, Italy, Bangladesh, Turkey, Germany, Russia, Myanmar and Ghana lagged somewhat behind, together comprising a further X%.

Ghana (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average palm fruit oil import price stood at $X per ton in 2017, growing by X% against the previous year. Overall, the import price indicated a mild increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Over the period under review, the average import prices for palm fruit oil attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

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Source: IndexBox Platform