Thailand - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in Thailand - 2023
Contents:
- Palm Kernel Oil Price in Thailand (FOB) - 2023
- Palm Kernel Oil Price in Thailand (CIF) - 2022
- Palm Kernel Oil Exports in Thailand
- Palm Kernel Oil Imports in Thailand
Palm Kernel Oil Price in Thailand (FOB) - 2023
In September 2023, the average palm kernel oil export price amounted to $853 per ton, with an increase of 2.1% against the previous month. Over the period under review, the export price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in November 2022 an increase of 14% m-o-m. As a result, the export price attained the peak level of $1,100 per ton. From December 2022 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Sri Lanka ($886 per ton), while the average price for exports to Malaysia totaled $850 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced a decline.
Palm Kernel Oil Price in Thailand (CIF) - 2022
In 2022, the average palm kernel oil import price amounted to $12,297 per ton, increasing by 896% against the previous year. Overall, the import price showed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +7.6% per year.
Palm Kernel Oil Exports in Thailand
In 2022, approx. 112K tons of palm kernel and babassu oil were exported from Thailand; falling by -36.2% compared with 2021 figures. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 165%. As a result, the exports reached the peak of 176K tons, and then declined significantly in the following year.
In value terms, palm kernel oil exports reduced remarkably to $175M in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 404% against the previous year. As a result, the exports reached the peak of $222M, and then fell notably in the following year.
| Export of Palm Kernel Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 58.3 | 43.4 | 206 | 170 | 42.9% |
| China | 0.6 | N/A | 7.1 | 2.7 | 65.1% |
| India | N/A | 0.7 | 9.5 | 2.1 | 73.2% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 59.2 | 44.1 | 222 | 175 | 43.5% |
Top Export Markets for Palm Kernel Oil from Thailand in 2022:
- Malaysia (107.4K tons)
- China (2.3K tons)
- India (2.2K tons)
Palm Kernel Oil Imports in Thailand
In 2022, supplies from abroad of palm kernel and babassu oil decreased by -90.5% to 236 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous contraction. The growth pace was the most rapid in 2020 when imports increased by 161%. As a result, imports attained the peak of 31K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, palm kernel oil imports declined to $2.9M in 2022. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 156%. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Palm Kernel Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 2.8 | 0% |
| Indonesia | 10.3 | 26.4 | 3.0 | N/A | -46.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 10.3 | 26.4 | 3.1 | 2.9 | -34.5% |
Top Suppliers of Palm Kernel Oil to Thailand in 2022:
- Brazil (235.1 tons)
This report provides an in-depth analysis of the palm kernel oil market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
773
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In April 2023, the palm kernel oil price amounted to $857 per ton (FOB, Thailand), leveling off at the previous month.
197
Crude Coconut Oil imports continue to reveal a significant decline, with November 2023 seeing a surge to $224K in value.
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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.
3015
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2942
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
5731
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5644
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5608
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
