Global Palm Oil Market 2019 - Key Insights

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

The global palm oil market revenue amounted to $X in 2017, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated a remarkable expansion 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. Based on 2017 figures, the palm oil consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2011, with an increase of X% y-o-y. In that year, the global palm oil market reached their peak level of $X. From 2012 to 2017, growth of the global palm oil market stood at a somewhat lower level.

Palm Oil Production

Global palm oil production amounted to X tonnes in 2017, increasing by X% against the previous year. Overall, the total output indicated a remarkable growth 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 oil production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the global palm oil production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Palm Oil Exports
Exports 2007-2017

In 2017, the amount of palm oil exported worldwide amounted to X tonnes, surging by X% against the previous year. In general, the total exports indicated a strong 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 oil exports decreased by -X% against 2015 indices.

In value terms, palm oil exports amounted to $X (IndexBox estimates) in 2017. In general, the total exports indicated a prominent growth 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 oil exports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Exports by Country

Indonesia represented the largest exporting countries with an export of around X tonnes, which recorded X% of total exports. It was distantly followed by Malaysia (X tonnes), committing X% share of total exports. The Netherlands (X tonnes) and Papua New Guinea (X tonnes) followed a long way behind the leaders.

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

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.

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

Export Prices by Country

The average palm oil export price stood at $X per tonne in 2017, surging by X% against the previous year. In general, palm oil export price continues to indicate a relatively flat trend pattern.

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

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

Palm Oil Imports
Imports 2007-2017

In 2017, approx. X tonnes of palm oil were imported worldwide; growing by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years.

In value terms, palm oil imports amounted to $X (IndexBox estimates) in 2017. Overall, the total imports indicated a remarkable expansion 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 oil imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, India (X tonnes), distantly followed by China (X tonnes), Bangladesh (X tonnes), Pakistan (X tonnes) and the Netherlands (X tonnes) were the main importers of palm oil, together making up X% of total imports. Spain (X tonnes), Italy (X tonnes), the U.S. (X tonnes), Egypt (X tonnes), Germany (X tonnes), Russia (X tonnes) and Kenya (X tonnes) took 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 Spain (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest palm oil markets worldwide were India ($X), China ($X) and Bangladesh ($X), together comprising X% of global imports. Pakistan, the Netherlands, Spain, Italy, the U.S., Egypt, Germany, Russia and Kenya lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average palm oil import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price indicated a mild growth 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 oil import price increased by +X% against 2015 indices.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Egypt ($X per tonne) and Germany ($X per tonne), while Bangladesh ($X per tonne) and China ($X per tonne) were 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