Singapore - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Singapore - 2022
Contents:
- Crude Palm Oil Price in Singapore (FOB) - 2022
- Crude Palm Oil Price in Singapore (CIF) - 2022
- Crude Palm Oil Exports in Singapore
- Crude Palm Oil Imports in Singapore
Crude Palm Oil Price in Singapore (FOB) - 2022
The average crude palm oil export price stood at $2,154 per ton in September 2022, declining by -27.3% against the previous month. Over the period under review, the export price, however, saw a tangible expansion. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 45% m-o-m. The export price peaked at $2,963 per ton in August 2022, and then contracted sharply in the following month.
Average prices varied noticeably for the major export markets. In September 2022, the country with the highest price was Malaysia ($2,154 per ton), while the average price for exports to Angola stood at $2,151 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.1%).
Crude Palm Oil Price in Singapore (CIF) - 2022
The average crude palm oil import price stood at $1,392 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the import price enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,465 per ton), while the price for Indonesia ($583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Palm Oil Exports in Singapore
In 2022, exports of crude palm oil from Singapore skyrocketed to 14K tons, with an increase of 267% against 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 31,235%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, crude palm oil exports surged to $21M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 28,414% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Crude Palm Oil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | 5.1 | 17.7 | 247.1% |
| Angola | 0.3 | N/A | N/A | 2.9 | 113.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | N/A | 5.1 | 20.7 | 310.2% |
Top Export Markets for Crude Palm Oil from Singapore in 2022:
- Malaysia (12.8K tons)
- Angola (1.6K tons)
Crude Palm Oil Imports in Singapore
After two years of decline, overseas purchases of crude palm oil increased by 246% to 13K tons in 2022. Over the period under review, imports, however, saw a sharp curtailment.
In value terms, crude palm oil imports surged to $19M in 2022. Overall, imports, however, continue to indicate a precipitous shrinkage.
| Import of Crude Palm Oil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | 3.8 | 17.8 | 368.4% |
| Malaysia | 74.4 | 11.4 | 0.5 | 0.8 | -77.9% |
| Indonesia | 6.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 80.7 | 11.4 | 4.3 | 18.6 | -38.7% |
Top Suppliers of Crude Palm Oil to Singapore in 2022:
- Indonesia (undefinedK tons)
- Philippines (12.8K tons)
- Malaysia (0.6K tons)
This report provides an in-depth analysis of the crude palm oil market in Singapore. 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 257 - Oil of palm
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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