Ecuador - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Ecuador - 2022
Contents:
- Palm Oil Price in Ecuador (FOB) - 2022
- Palm Oil Price in Ecuador (CIF) - 2022
- Palm Oil Exports in Ecuador
- Palm Oil Imports in Ecuador
Palm Oil Price in Ecuador (FOB) - 2022
The average palm oil export price stood at $1,337 per ton in January 2022, waning by -4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in September 2021 an increase of 13% m-o-m. The export price peaked at $1,458 per ton in October 2021; however, from November 2021 to January 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($2,030 per ton), while the average price for exports to Mexico ($1,275 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Price in Ecuador (CIF) - 2022
In 2022, the average palm oil import price amounted to $1,311 per ton, dropping by -1.8% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil import price increased by +60.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 67% against the previous year. The import price peaked at $1,335 per ton in 2021, and then contracted in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($1,426 per ton) and Malaysia ($1,284 per ton), while the price for Colombia ($1,057 per ton) and Peru ($1,164 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Oil Exports in Ecuador
In 2022, shipments abroad of palm oil was finally on the rise to reach 137K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep setback.
In value terms, palm oil exports shrank to $130M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, the exports reached the peak of $139M, and then fell in the following year.
Export of Palm Oil in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 83.4 | 68.3 | 64.2 | 71.9 | -4.8% |
India | 15.8 | 18.0 | 22.6 | 21.3 | 10.5% |
United States | 4.1 | 9.2 | 6.9 | 6.4 | 16.0% |
Netherlands | 2.9 | 3.8 | 14.2 | 5.7 | 25.3% |
Mexico | 3.2 | 0.7 | 8.6 | 5.3 | 18.3% |
Dominican Republic | 2.6 | 2.7 | 3.8 | 3.1 | 6.0% |
Venezuela | 2.6 | 2.9 | 3.6 | 3.0 | 4.9% |
Brazil | 4.0 | 3.4 | 3.3 | 2.4 | -15.7% |
Peru | 1.2 | 1.7 | 2.6 | 2.2 | 22.4% |
Others | 6.9 | 9.5 | 9.4 | 8.5 | 7.2% |
Total | 127 | 120 | 139 | 130 | 0.8% |
Top Export Markets for Palm Oil from Ecuador in 2022:
- Colombia (83.7K tons)
- India (19.5K tons)
- Brazil (6.0K tons)
- United States (4.6K tons)
- Mexico (4.2K tons)
- Netherlands (4.0K tons)
- Dominican Republic (3.3K tons)
- Venezuela (2.8K tons)
- Peru (2.1K tons)
Palm Oil Imports in Ecuador
In 2022, after three years of growth, there was significant decline in purchases abroad of palm oil, when their volume decreased by -20.8% to 11K tons. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 224% against the previous year.
In value terms, palm oil imports fell rapidly to $15M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 400%.
Import of Palm Oil in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 0.2 | 3.3 | 0.3 | 13.8 | 310.2% |
Colombia | 1.7 | N/A | N/A | 0.1 | -61.1% |
Peru | N/A | 7.0 | 0.2 | 0.1 | -88.0% |
Indonesia | N/A | N/A | 18.6 | N/A | 0% |
Others | 0.2 | 0.3 | 0.1 | 0.8 | 58.7% |
Total | 2.1 | 10.6 | 19.1 | 14.9 | 92.2% |
Top Suppliers of Palm Oil to Ecuador in 2022:
- Mexico (11.0K tons)
- Colombia (0.1K tons)
- Peru (0.1K tons)
This report provides an in-depth analysis of the palm oil market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 257 - Oil of palm
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Learn about the top five import markets for palm oil and their respective import values in 2022. India ranks as the largest importer, followed by China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to various factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry. Get comprehensive insights into the global palm oil market with IndexBox's recent market report.
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The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global palm oil imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
The global production of palm oil was estimated at X million tons in 2013, which was X million tons more than in 2012.