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World - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Nov 11, 2021

Palm Kernel Oil Prices Soar by 27% in October

IndexBox has just published a new report: 'World - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product. 

Palm Kernel Oil Prices

According to World Bank's data, the global price for palm kernel oil spiked by 27% over a month, increasing from $1,427 per tonne in September to $1,807 in October 2021. 

Since the beginning of this year, the global price grew by +32%, rising from $1,368 per tonne in January to $1,807 per tonne in October 2021. In 2020, the average price was estimated at $824 per tonne. 

Global Palm Kernel Oil Exports

In 2020, approx. 3.1M tonnes of palm kernel and babassu oil were exported worldwide, declining by -3.1% compared with 2019 figures. In value terms, palm kernel oil exports expanded by +8.9% y-o-y to $2.5B (IndexBox estimates) in 2020. 

Indonesia was the largest exporter of palm kernel and babassu oil globally, with the volume of exports resulting at 1.7M tonnes, which was near 56% of total exports in 2020. It was distantly followed by Malaysia (864K tonnes), achieving a 28% share of total exports. The following exporters - Guatemala (74K tonnes), Papua New Guinea (69K tonnes), Thailand (66K tonnes) and Colombia (65K tonnes) - each reached 9% shares of total exports.

In 2020, the exports from Guatemala rose twofold, while shipments from the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($1.3B), Malaysia ($708M) and Papua New Guinea ($57M) appeared to be the top exporting countries in 2020, together accounting for 86% of global exports. These countries were followed by Colombia, Guatemala and Thailand, which accounted for a further 5.8%.

In 2020, the average palm kernel oil export price amounted to $800 per tonne, increasing by +12% against the previous year. Prices varied somewhat amongst the major exporting countries. In 2020, the highest average prices were recorded in Papua New Guinea ($825 per tonne) and Malaysia ($819 per tonne), while Guatemala ($607 per tonne) and Thailand ($667 per tonne) featured the lowest prices. In 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

World's Major Importers of Palm Kernel Oil

In 2020, China (845K tonnes), distantly followed by the U.S. (381K tonnes), Germany (358K tonnes), Malaysia (292K tonnes), the Netherlands (229K tonnes), and Brazil (216K tonnes) were the major importers of palm kernel and babassu oil, together with mixing up 72% of total imports. India (124K tonnes), Turkey (76K tonnes), Japan (73K tonnes), Russia (70K tonnes), the Philippines (54K tonnes), Spain (51K tonnes) and Italy (51K tonnes) took a relatively small share of total imports.

In value terms, China ($570M), the U.S. ($335M) and Germany ($303M) were the countries with the highest levels of imports in 2020, with a combined 46% share of the total figure. Malaysia, the Netherlands, Brazil, India, Russia, Japan, Turkey, Italy, Spain and the Philippines lagged somewhat behind, comprising a further 39%.

Source: IndexBox Platform

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the global palm kernel oil market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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