Oman - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in Oman - 2021
Contents:
- Palm Kernel Oil Price in Oman (CIF) - 2022
- Palm Kernel Oil Price in Oman (FOB) - 2022
- Palm Kernel Oil Imports in Oman
- Palm Kernel Oil Exports in Oman
Palm Kernel Oil Price in Oman (CIF) - 2022
In 2022, the average palm kernel oil import price amounted to $1,075 per ton, declining by -10.9% against the previous year. Overall, the import price recorded a slight decrease. The growth pace was the most rapid in 2014 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum at $1,412 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($1,289 per ton) and Singapore ($1,193 per ton), while the price for Malaysia ($919 per ton) and Indonesia ($1,173 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.3%), while the prices for the other major suppliers experienced a decline.
Palm Kernel Oil Price in Oman (FOB) - 2022
In 2022, the average palm kernel oil export price amounted to $621 per ton, declining by -5.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 108% against the previous year. As a result, the export price reached the peak level of $1,208 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($887 per ton), while the average price for exports to Yemen ($250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+19.9%), while the prices for the other major destinations experienced a decline.
Palm Kernel Oil Imports in Oman
In 2022, imports of palm kernel and babassu oil into Oman skyrocketed to 539 tons, rising by 97% on the previous year. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 136% against the previous year. As a result, imports reached the peak of 806 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, palm kernel oil imports surged to $579K in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 115% against the previous year. As a result, imports attained the peak of $828K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Palm Kernel Oil in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 231 | 590 | 204 | 273 | 5.7% |
| United Arab Emirates | 101 | 81.4 | 5.5 | 86.7 | -5.0% |
| Indonesia | 30.1 | 124 | 33.8 | 55.0 | 22.3% |
| Singapore | 21.7 | 18.5 | 12.3 | 17.4 | -7.1% |
| Others | 3.0 | 14.5 | 73.6 | 146 | 265.1% |
| Total | 386 | 828 | 330 | 579 | 14.5% |
Top Suppliers of Palm Kernel Oil to Oman in 2022:
- Malaysia (297.4 tons)
- United Arab Emirates (67.3 tons)
- Indonesia (46.9 tons)
- Singapore (14.6 tons)
Palm Kernel Oil Exports in Oman
In 2022, the amount of palm kernel and babassu oil exported from Oman contracted to 6 tons, reducing by -9.5% against 2021. In general, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 23%.
In value terms, palm kernel oil exports shrank to $3.7K in 2022. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year.
| Export of Palm Kernel Oil in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.6 | 2.1 | 3.5 | 3.0 | 23.3% |
| Bahrain | 0.3 | 0.8 | 0.6 | 0.6 | 26.0% |
| Somalia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Kenya | 91.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 93.2 | 3.1 | 4.3 | 3.7 | -65.9% |
Top Export Markets for Palm Kernel Oil from Oman in 2022:
- Saudi Arabia (3.3 tons)
- Bahrain (2.1 tons)
- Somalia (0.5 tons)
This report provides an in-depth analysis of the palm kernel oil market in Oman. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- 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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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.
3014
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2941
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
1389
Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
2018
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
5729
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5643
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5607
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
5825
In 2015, the countries with the highest levels of coconut oil production were the Philippines (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
2265
The Philippines dominates in the global coconut oil trade. In 2014, the Philippines exported X thousand tons of coconut oil totaling X USD, X% under the previous year. Its primary trading partner was the Republic of Korea, where it supplied X%
