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World - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jun 3, 2019

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 $48B in 2017, surging by 10% 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 +4.6% 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 +21.2% against 2015 indices. The growth pace was the most rapid in 2011, with an increase of 42% y-o-y. In that year, the global palm oil market reached their peak level of $56B. 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 66M tonnes in 2017, increasing by 4.3% 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 +5.2% 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 +65.5% against 2007 indices. The most prominent rate of growth was recorded in 2011, with an increase of 10% 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 47M tonnes, surging by 9.9% 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 +5.4% 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 -1.8% against 2015 indices.

In value terms, palm oil exports amounted to $34B (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 +5.4% 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 $40B 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 27M tonnes, which recorded 57% of total exports. It was distantly followed by Malaysia (14M tonnes), committing 29% share of total exports. The Netherlands (1.4M tonnes) and Papua New Guinea (702K 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 (+8.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($19B), Malaysia ($10B) and the Netherlands ($1.2B) constituted the countries with the highest levels of exports in 2017, with a combined 88% share of global exports.

Among the main exporting countries, Indonesia (+8.9% 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 $735 per tonne in 2017, surging by 11% 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 ($879 per tonne) and Papua New Guinea ($793 per tonne), while Indonesia ($695 per tonne) and Malaysia ($766 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 (+1.6% per year), while the other global leaders experienced more modest paces of growth.

Palm Oil Imports
Imports 2007-2017

In 2017, approx. 45M tonnes of palm oil were imported worldwide; growing by 5.1% against the previous year. The total import volume increased an average annual rate of +4.5% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years.

In value terms, palm oil imports amounted to $34B (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 +4.5% 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 $41B in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, India (9.2M tonnes), distantly followed by China (5.2M tonnes), Bangladesh (3.3M tonnes), Pakistan (2.8M tonnes) and the Netherlands (2.6M tonnes) were the main importers of palm oil, together making up 51% of total imports. Spain (1.9M tonnes), Italy (1.5M tonnes), the U.S. (1.4M tonnes), Egypt (1.1M tonnes), Germany (937K tonnes), Russia (891K tonnes) and Kenya (768K 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 (+19.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest palm oil markets worldwide were India ($6.8B), China ($3.5B) and Bangladesh ($2.1B), together comprising 36% of global imports. Pakistan, the Netherlands, Spain, Italy, the U.S., Egypt, Germany, Russia and Kenya lagged somewhat behind, together comprising a further 31%.

In terms of the main importing countries, Spain (+20.8% 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 $758 per tonne, rising by 8.4% 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 +1.2% 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 +10.5% 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 ($861 per tonne) and Germany ($850 per tonne), while Bangladesh ($651 per tonne) and China ($680 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 (+4.5% per year), while the other global leaders experienced more modest paces of growth.

 

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10412700 - Crude palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the global palm 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:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2025
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 2007–2018
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 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
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, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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