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U.S. - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 7, 2022
Palm Kernel Oil Price per Ton June 2022
U.S. Palm Kernel Oil Import Price per Ton June 2022
In June 2022, the palm kernel oil price per ton stood at $2,746 (CIF, US), increasing by 8.2% against the previous month. In general, import price indicated a buoyant increase from January 2022 to June 2022: its price increased at an average monthly rate of +9.5% over the last five-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, palm kernel oil import price increased by +57.3% against January 2022 indices. The most prominent rate of growth was recorded in March 2022 an increase of 25% m-o-m. The import price peaked in June 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($3,801 per ton), while the price for Colombia ($1,658 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Palm Kernel Oil Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($3,008 per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified totaled $1,655 per ton.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (+11.5%).
U.S. Palm Kernel Oil Imports
In June 2022, the amount of palm kernel and babassu oil imported into the United States declined remarkably to 15K tons, dropping by -41.7% against the previous month's figure. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in April 2022 with an increase of 41% against the previous month. As a result, imports attained the peak of 30K tons. From May 2022 to June 2022, the growth of imports failed to regain momentum.
In value terms, palm kernel oil imports declined notably to $42M (IndexBox estimates) in June 2022. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in April 2022 when imports increased by 34% month-to-month. Over the period under review, imports hit record highs at $67M in May 2022, and then shrank markedly in the following month.
U.S. Palm Kernel Oil Imports by Type
In June 2022, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (12K tons) constituted the largest type of palm kernel oil supplied to the United States, with a 81% share of total imports. Moreover, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (3K tons), fourfold.
From January 2022 to June 2022, the average monthly growth rate of the volume of import of vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified totaled -15.4%.
In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($37M) constituted the largest type of palm kernel oil supplied to the United States, comprising 88% of total imports. The second position in the ranking was taken by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($4.9M), with a 12% share of total imports.
U.S. Palm Kernel Oil Imports by Country
In June 2022, Indonesia (14K tons) constituted the largest supplier of palm kernel oil to the United States, with a 89% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (1.1K tons), more than tenfold.
From January 2022 to June 2022, the average monthly rate of growth in terms of volume from Indonesia totaled -9.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-27.4% per month) and Colombia (+39.2% per month).
In value terms, Indonesia ($37M) constituted the largest supplier of palm kernel oil to the United States, comprising 88% of total imports. The second position in the ranking was held by Malaysia ($4.2M), with a 10% share of total imports.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-18.2% per month) and Colombia (+29.1% per month).
This report provides an in-depth analysis of the palm kernel oil market in the U.S.. 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.
Product coverage:
• FCL 258 - Oil of Palm Kernel
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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