Brazil - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Brazil - 2023
Contents:
- Palm Oil Price in Brazil (CIF) - 2023
- Palm Oil Price in Brazil (FOB) - 2023
- Palm Oil Imports in Brazil
- Palm Oil Exports in Brazil
Palm Oil Price in Brazil (CIF) - 2023
In September 2023, the average palm oil import price amounted to $1,021 per ton, waning by -2.8% against the previous month. Over the period under review, the import price showed a noticeable descent. The growth pace was the most rapid in January 2023 an increase of 3.8% m-o-m. The import price peaked at $1,420 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($1,335 per ton), while the price for Colombia ($966 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 Indonesia (-2.2%), while the prices for the other major suppliers experienced a decline.
Palm Oil Price in Brazil (FOB) - 2023
In September 2023, the average palm oil export price amounted to $1,512 per ton, almost unchanged from the previous month. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in February 2023 an increase of 61% month-to-month. Over the period under review, the average export prices reached the maximum at $1,954 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In September 2023, the countries with the highest prices were Bolivia ($1,688 per ton) and the United States ($1,582 per ton), while the average price for exports to the Netherlands ($1,427 per ton) and Uruguay ($1,455 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-1.0%), while the prices for the other major destinations experienced a decline.
Palm Oil Imports in Brazil
In 2022, supplies from abroad of palm oil decreased by -23.9% to 278K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.
In value terms, palm oil imports rose rapidly to $417M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Palm Oil in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 43.6 | 81.3 | 241 | 249 | 78.7% |
| Colombia | 35.1 | 73.6 | 130 | 133 | 55.9% |
| Malaysia | 8.6 | 15.0 | 9.6 | 18.0 | 27.9% |
| Denmark | 3.1 | 3.5 | 6.3 | 10.1 | 48.2% |
| Others | 0.4 | 6.7 | 6.6 | 6.9 | 158.4% |
| Total | 90.7 | 180 | 394 | 417 | 66.3% |
Top Suppliers of Palm Oil to Brazil in 2022:
- Indonesia (171.7K tons)
- Colombia (86.7K tons)
- Malaysia (10.0K tons)
- Denmark (5.0K tons)
Palm Oil Exports in Brazil
In 2022, the amount of palm oil exported from Brazil soared to 18K tons, picking up by 40% on 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, palm oil exports soared to $31M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 71%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Palm Oil in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 7.3 | 6.2 | 7.6 | 14.1 | 24.5% |
| Uruguay | 0.6 | 0.5 | 3.7 | 9.2 | 148.4% |
| United States | 2.0 | 1.8 | 2.1 | 2.9 | 13.2% |
| Netherlands | N/A | N/A | 0.8 | 1.9 | 137.5% |
| Bolivia | N/A | 0.4 | 0.6 | 1.5 | 93.6% |
| Argentina | N/A | 0.1 | 0.8 | 0.7 | 164.6% |
| Germany | 0.5 | 1.5 | 1.9 | 0.2 | -26.3% |
| Others | 0.2 | 0.3 | 0.8 | 0.3 | 14.5% |
| Total | 10.6 | 10.7 | 18.3 | 30.8 | 42.7% |
Top Export Markets for Palm Oil from Brazil in 2022:
- Switzerland (9.0K tons)
- Uruguay (5.8K tons)
- United States (1.3K tons)
- Netherlands (0.8K tons)
- Bolivia (0.8K tons)
- Argentina (0.3K tons)
- Germany (0.1K tons)
This report provides an in-depth analysis of the palm oil market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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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