Peru - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Peru - 2021
Contents:
- Refined Palm Oil Price in Peru (FOB) - 2021
- Refined Palm Oil Price in Peru (CIF) - 2021
- Refined Palm Oil Exports in Peru
- Refined Palm Oil Imports in Peru
Refined Palm Oil Price in Peru (FOB) - 2021
In April 2020, the average refined palm oil export price amounted to $903 per ton, almost unchanged from the previous month. Over the last three-month period, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in February 2020 an increase of 11% month-to-month. The export price peaked at $916 per ton in March 2020, and then fell in the following month.
Average prices varied somewhat for the major export markets. In April 2020, the country with the highest price was Bolivia ($1,129 per ton), while the average price for exports to Argentina ($771 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.0%), while the prices for the other major destinations experienced a decline.
Refined Palm Oil Price in Peru (CIF) - 2021
The average refined palm oil import price stood at $888 per ton in April 2020, with a decrease of -5.4% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2020 an increase of 9.5% against the previous month. As a result, import price reached the peak level of $939 per ton, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($1,431 per ton), while the price for Indonesia ($838 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Palm Oil Exports in Peru
After three years of growth, overseas shipments of refined palm oil decreased by -17.2% to 26K tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% 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 +33.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 31K tons, and then shrank markedly in the following year.
In value terms, refined palm oil exports shrank significantly to $28M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, the exports attained the peak of $37M, and then dropped sharply in the following year.
| Export of Refined Palm Oil in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 8.7 | 13.1 | 25.1 | 15.4 | 21.0% |
| Guatemala | N/A | N/A | 3.1 | 6.9 | 122.6% |
| Bolivia | 0.7 | 1.6 | 2.7 | 2.5 | 52.9% |
| Brazil | 1.4 | 2.9 | 3.5 | 1.0 | -10.6% |
| Colombia | 2.8 | 0.9 | 0.5 | 0.9 | -31.5% |
| Mexico | N/A | N/A | 0.7 | 0.4 | -42.9% |
| Ecuador | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Others | 0.5 | 0.4 | 0.8 | 0.7 | 11.9% |
| Total | 14.4 | 19.3 | 36.8 | 28.0 | 24.8% |
Top Export Markets for Refined Palm Oil from Peru in 2022:
- Chile (13.6K tons)
- Guatemala (6.4K tons)
- Bolivia (2.0K tons)
- Brazil (1.1K tons)
- Colombia (0.8K tons)
- Mexico (0.5K tons)
- Ecuador (0.5K tons)
Refined Palm Oil Imports in Peru
In 2022, imports of refined palm oil into Peru expanded rapidly to 12K tons, increasing by 6.4% on the year before. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined palm oil imports dropped to $11M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year.
| Import of Refined Palm Oil in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.3 | 7.9 | 6.9 | 6.6 | 42.1% |
| Malaysia | 2.0 | 1.5 | 3.7 | 3.2 | 17.0% |
| Ecuador | 0.6 | 0.4 | 0.7 | 0.6 | 0.0% |
| Others | 0.5 | 0.2 | 0.4 | 0.4 | -7.2% |
| Total | 5.3 | 9.9 | 11.7 | 10.8 | 26.8% |
Top Suppliers of Refined Palm Oil to Peru in 2022:
- Indonesia (8.2K tons)
- Malaysia (2.9K tons)
- Ecuador (0.6K tons)
This report provides an in-depth analysis of the refined palm oil market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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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