Global Palm Kernel Market - Indonesia Remains the Key Producing Country

IndexBox has just published a new report "World: Palm Kernels - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Consumption of Palm Kernel Stood at X Million Tonnes in 2016

From 2007 to 2016, global palm kernel consumption displayed a mixed dynamic. As of the end of 2016, the global palm kernel market stood at X thousand tonnes or X million USD. 

Palm kernel is the edible seed of the oil palm fruit from which palm oil and palm kernel oil is made. Palm kernel oil is used primarily as biofuels and ingredients for the cosmetic and food industries. Palm kernel expeller, obtained as a result of grinding the hard part of the core, after the extraction of oil and flesh, is used as a feed for livestock. 

The performance of the market is forecasted to grow with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is expected to lead the market volume to X million tonnes by the end of 2025 (IndexBox estimates).

New Zealand, the Netherlands, Indonesia, Japan, and South Korea Were the Main Consuming Countries of Palm Kernel

New Zealand (X million tonnes), the Netherlands (X thousand tonnes), Indonesia (X thousand tonnes), Japan (X thousand tonnes) and South Korea (X thousand tonnes) were the countries with the highest consumption, together accounting for almost X% of global figures. 

In terms of the key consumer countries in 2016, New Zealand (X kg per year), the Netherlands (X kg/year) and South Korea (X kg per year) registered the highest per capita consumption figure among main consumer countries and it was higher than the global average of X kg per year.

Production of Palm Kernel Grew by X% over the Last Nine Years

Production of palm kernel was X million tonnes in 2016, with a positive dynamics over the last few years, except for slight decline in 2015. Overall, from 2007 to 2016, production of palm kernel increased by X%. In value terms, production stood at X million USD, with a X% growth from the previous year. It fluctuated wildly with a noticable growth from 2010 to 2014 and further abrupt decline in 2015. The volume of crude palm kernel was X thousand tonnes. 

Indonesia Remained the Key Producing Country for Palm Kernel

Indonesia was the key world palm kernel producing country with an output of about X thousand tonnes in 2016, which accounted for X% of total global output. The other major producers were Malaysia (X%), distantly followed by Nigeria (X%) and Thailand (X%).

In Indonesia, production levels increased by +X% annually from 2007 to 2016, however, Thailand had the highest level of production growth (+X%); Malaysia and Nigeria grew with a CAGR of +X% and +X%, respectively.

Approx. X% of Global Palm Kernel Was Sent to Export

Palm Kernel is a widely traded commodity, with the share of export in total global output stood about X% in 2016. High trade intensity is determined mainly by the geographical differenciation between the main countries of palm kernel manufacturing and key consuming countries.

Indonesia and Malaysia Were the Main Exporters of Palm Kernel in the World

In 2016, global exports of palm kernel stood at X million USD, with a CAGR of +X%. In physical terms, global exports of palm kernel was X million tonnes in 2016. which was X thousand tonnes (-X%) less than the year before.

Indonesia (X%) and Malaysia (X%) were the main suppliers of palm kernel, making up X% share of global exports. However, Indonesia became the fastest growing country of origin. From 2007 to 2016, an average annual growth rate of palm kernel exports from this country was +X%. Also the share of Indonesia increased significantly by +X percentage points from 2007 to 2016, while the shares of Malaysia illustrated negative dynamics throughout the analyzed period.

New Zealand and the Netherlands Were the Main Importers of Palm Kernel

In value terms, total imports of palm kernel were X million USD, with an annual increase of +X% for the period from 2007 to 2016. The volume of palm kernel imports stood at X million tonnes in 2016; there was an annual increase of +X%.

In 2016, New Zealand (X%), and the Netherlands (X%) were the main importers of world palm kernel, together making up X% of global imports. Among these countries New Zealand had the highest growth rates of imports, with an annual increase of +X%. Japan took the third position in the ranking with a share of X% of total imports, Korea (X%), the U.K. (X%) and China (X%). 

New Zealand significantly strengthened its position in terms of the global imports from X% in 2007 to X% in 2016, while the Netherlands indicated negative dynamics throughout the analyzed period.

Do you want to know more about the global palm kernel market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• palm kernel market share
• palm kernel prices
• palm kernel production
• palm kernel industry
• palm kernel sales
• palm kernel imports
• palm kernel exports
• palm kernel market forecast
• palm kernel price forecast
• key palm kernel producers

Source: IndexBox Platform