Pakistan - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Pakistan - 2023
Contents:
- Refined Palm Oil Price in Pakistan (CIF) - 2023
- Refined Palm Oil Price in Pakistan (FOB) - 2022
- Refined Palm Oil Imports in Pakistan
- Refined Palm Oil Exports in Pakistan
Refined Palm Oil Price in Pakistan (CIF) - 2023
In April 2023, the average refined palm oil import price amounted to $1,042 per ton, increasing by 1.7% against the previous month. In general, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in July 2022 an increase of 17% month-to-month. As a result, import price attained the peak level of $1,580 per ton. From August 2022 to April 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In April 2023, the country with the highest price was Malaysia ($1,058 per ton), while the price for Indonesia amounted to $1,042 per ton.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-2.6%).
Refined Palm Oil Price in Pakistan (FOB) - 2022
In 2022, the average refined palm oil export price amounted to $743 per ton, dropping by -12.6% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 108%. Over the period under review, the average export prices reached the peak figure at $1,390 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($1,065 per ton), while the average price for exports to Democratic Republic of the Congo ($117 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 Afghanistan (-2.2%), while the prices for the other major destinations experienced a decline.
Refined Palm Oil Imports in Pakistan
In 2022, after three years of growth, there was significant decline in overseas purchases of refined palm oil, when their volume decreased by -10.3% to 2.7M tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.3%. As a result, imports attained the peak of 3.1M tons, and then reduced in the following year.
In value terms, refined palm oil imports expanded sharply to $3.7B in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Refined Palm Oil in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,323 | 1,578 | 1,498 | 1,579 | 6.1% |
| Malaysia | 231 | 410 | 170 | 179 | -8.1% |
| Others | 1.5 | 1.8 | 1,658 | 1,963 | 993.8% |
| Total | 1,555 | 1,990 | 3,326 | 3,721 | 33.8% |
Top Suppliers of Refined Palm Oil to Pakistan in 2022:
- Indonesia (1162.8K tons)
- Malaysia (184.1K tons)
Refined Palm Oil Exports in Pakistan
In 2022, after three years of growth, there was significant decline in overseas shipments of refined palm oil, when their volume decreased by -11.1% to 66 tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year.
In value terms, refined palm oil exports contracted notably to $49K in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 80% against the previous year.
| Export of Refined Palm Oil in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 16.9 | 24.3 | 12.3 | 29.6 | 20.5% |
| Oman | 2.2 | 7.0 | 4.3 | 12.8 | 79.9% |
| Kazakhstan | N/A | N/A | N/A | 2.6 | 0% |
| Democratic Republic of the Congo | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| Ethiopia | N/A | N/A | 46.2 | N/A | 0% |
| Angola | N/A | 3.0 | N/A | N/A | 0% |
| Others | 0.2 | 0.4 | 0.2 | 3.7 | 164.5% |
| Total | 19.4 | 35.1 | 63.2 | 49.1 | 36.3% |
Top Export Markets for Refined Palm Oil from Pakistan in 2022:
- Oman (30.2 tons)
- Afghanistan (27.8 tons)
- Kazakhstan (4.8 tons)
- Democratic Republic of the Congo (3.2 tons)
This report provides an in-depth analysis of the refined palm oil market in Pakistan. 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:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
-
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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