South Africa - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in South Africa - 2023
Contents:
- Palm Kernel Oil Price in South Africa (CIF) - 2023
- Palm Kernel Oil Price in South Africa (FOB) - 2022
- Palm Kernel Oil Imports in South Africa
- Palm Kernel Oil Exports in South Africa
Palm Kernel Oil Price in South Africa (CIF) - 2023
The average palm kernel oil import price stood at $968 per ton in September 2023, rising by 1.7% against the previous month. Over the period under review, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 17% against the previous month. The import price peaked at $1,630 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($1,511 per ton), while the price for Indonesia ($958 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Palm Kernel Oil Price in South Africa (FOB) - 2022
In 2022, the average palm kernel oil export price amounted to $2,167 per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil export price increased by +93.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($6,103 per ton), while the average price for exports to Zimbabwe ($2,147 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 Kenya (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Kernel Oil Imports in South Africa
In 2022, overseas purchases of palm kernel and babassu oil decreased by -23.2% to 26K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 0.7% against the previous year. As a result, imports attained the peak of 34K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, palm kernel oil imports shrank to $44M in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 74%. As a result, imports reached the peak of $48M, and then declined in the following year.
| Import of Palm Kernel Oil in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 19.6 | 23.5 | 40.2 | 33.2 | 19.2% |
| Malaysia | 5.1 | 4.0 | 7.2 | 10.8 | 28.4% |
| Others | 0.1 | N/A | 0.4 | 0.1 | 0.0% |
| Total | 24.9 | 27.6 | 47.9 | 44.1 | 21.0% |
Top Suppliers of Palm Kernel Oil to South Africa in 2022:
- Indonesia (19.7K tons)
- Malaysia (6.3K tons)
Palm Kernel Oil Exports in South Africa
In 2022, approx. 528 tons of palm kernel and babassu oil were exported from South Africa; jumping by 19% compared with 2021 figures. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 146%.
In value terms, palm kernel oil exports skyrocketed to $1.1M in 2022. Over the period under review, exports saw a perceptible increase. The pace of growth appeared the most rapid in 2021 when exports increased by 221% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Palm Kernel Oil in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 858 | 237 | 752 | 1,113 | 9.1% |
| Zambia | 47.8 | 4.9 | 55.7 | 4.8 | -53.5% |
| Swaziland | 69.7 | 0.4 | 2.6 | 0.1 | -88.7% |
| Others | 40.6 | 20.4 | 34.6 | 26.3 | -13.5% |
| Total | 1,016 | 263 | 845 | 1,145 | 4.1% |
Top Export Markets for Palm Kernel Oil from South Africa in 2022:
- Zimbabwe (518.6 tons)
- Zambia (0.8 tons)
- Swaziland (0.1 tons)
This report provides an in-depth analysis of the palm kernel oil market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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In November 2022, the growth rate of Palm Kernel Oil was the most rapid, experiencing a month-on-month increase of 568%. The value of Palm Kernel Oil imports reduced to $2.3M in September 2023.
202
During the period of September 2023 to October 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Refined Coconut Oil surged to $508K in October 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.
3022
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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.
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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
2019
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
5741
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5648
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5613
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
