U.S. - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in the United States - 2023
Contents:
- Palm Kernel Oil Price in the United States (CIF) - 2023
- Palm Kernel Oil Price in the United States (FOB) - 2023
- Palm Kernel Oil Imports in the United States
- Palm Kernel Oil Exports in the United States
Palm Kernel Oil Price in the United States (CIF) - 2023
In September 2023, the average palm kernel oil import price amounted to $1,172 per ton, with an increase of 7.9% against the previous month. Overall, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 11% month-to-month. The import price peaked at $2,261 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($1,673 per ton), while the price for Indonesia ($1,160 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 Colombia (-0.9%), while the prices for the other major suppliers experienced a decline.
Palm Kernel Oil Price in the United States (FOB) - 2023
The average palm kernel oil export price stood at $1,193 per ton in September 2023, leveling off at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 an increase of 20% month-to-month. The export price peaked at $1,335 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From September 2022 to September 2023, the rate of growth in terms of prices for Canada amounted to +2.0% per month.
Palm Kernel Oil Imports in the United States
In 2022, purchases abroad of palm kernel and babassu oil decreased by -8.6% to 344K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 12%. As a result, imports attained the peak of 378K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, palm kernel oil imports skyrocketed to $750M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Palm Kernel Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 221 | 229 | 432 | 658 | 43.9% |
| Malaysia | 67.2 | 86.3 | 54.2 | 79.2 | 5.6% |
| Others | 5.5 | 2.9 | 10.8 | 12.8 | 32.5% |
| Total | 293 | 319 | 497 | 750 | 36.8% |
Top Suppliers of Palm Kernel Oil to the United States in 2022:
- Indonesia (307.7K tons)
- Malaysia (31.5K tons)
Palm Kernel Oil Exports in the United States
In 2022, the amount of palm kernel and babassu oil exported from the United States surged to 34K tons, picking up by 35% against the previous year's figure. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, palm kernel oil exports rose remarkably to $34M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Palm Kernel Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.3 | 18.5 | 28.2 | 33.0 | 17.6% |
| Mexico | 5.8 | N/A | 0.5 | 0.6 | -53.1% |
| Brazil | N/A | 2.7 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 1.7 | 0.2 | 26.0% |
| Total | 26.2 | 21.3 | 30.4 | 33.7 | 8.8% |
Top Export Markets for Palm Kernel Oil from the United States in 2022:
- Canada (33.6K tons)
- Mexico (0.6K tons)
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:
- 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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