
Brazil - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Brazil's Palm Kernel Oil Price Plummets to $1,951 per Ton
Brazil Palm Kernel Oil Import Price in August 2022
In August 2022, the palm kernel oil price stood at $1,951 per ton (CIF, Brazil), declining by -22.3% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in February 2022 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $2,657 per ton in June 2022; however, from July 2022 to August 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2022, the country with the highest price was Colombia ($2,288 per ton), while the price for Indonesia ($1,937 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Brazil Palm Kernel Oil Imports
In August 2022, imports of palm kernel and babassu oil into Brazil rose slightly to 20K tons, picking up by 3.1% compared with the month before. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in April 2022 with an increase of 329% month-to-month. Over the period under review, imports attained the maximum at 29K tons in June 2022; however, from July 2022 to August 2022, imports remained at a lower figure.
In value terms, palm kernel oil imports fell markedly to $39M (IndexBox estimates) in August 2022. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in April 2022 when imports increased by 369% month-to-month. Over the period under review, imports reached the maximum at 76K tons in June 2022; however, from July 2022 to August 2022, imports stood at a somewhat lower figure.
Brazil Palm Kernel Oil Imports by Country
In August 2022, Indonesia (15K tons) constituted the largest supplier of palm kernel oil to Brazil, with a 77% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (3.9K tons), fourfold.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Indonesia amounted to +2.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+112.0% per month) and Colombia (-6.2% per month).
In value terms, Indonesia ($30M) constituted the largest supplier of palm kernel oil to Brazil, comprising 77% of total imports. The second position in the ranking was taken by Malaysia ($7.8M), with a 20% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Indonesia stood at +4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+95.0% per month) and Colombia (-3.2% per month).
This report provides an in-depth analysis of the palm kernel oil market in Brazil. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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