Argentina: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Argentina

The Argentinian palm kernel oil market dropped remarkably to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Palm Kernel Oil Exports

Exports from Argentina

Palm kernel oil exports from Argentina soared to X tonnes in 2019, picking up by X% against 2018. Overall, exports saw a buoyant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, palm kernel oil exports skyrocketed to $X in 2019. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tonnes) was the main destination for palm kernel oil exports from Argentina, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Italy was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average palm kernel oil export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2007 to 2019, the rate of growth in terms of prices for Italy amounted to X% per year.

Palm Kernel Oil Imports

Imports into Argentina

In 2019, purchases abroad of palm kernel and babassu oil decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, palm kernel oil imports shrank markedly to $X in 2019. In general, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes), Colombia (X tonnes) and Indonesia (X tonnes) were the main suppliers of palm kernel oil imports to Argentina, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Colombia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of palm kernel oil to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2019, the average palm kernel oil import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Paraguay ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Paraguay, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

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The countries with the highest volumes of palm kernel oil consumption in 2019 were Indonesia (2.8M tonnes), Malaysia (1.9M tonnes) and China (802K tonnes), with a combined 66% share of global consumption.

What are the largest producers of palm kernel and babassu oil in the world?

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Indonesia (4.7M tonnes) remains the largest palm kernel oil producing country worldwide, accounting for 56% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.3M tonnes), twofold. The third position in this ranking was occupied by Thailand (276K tonnes), with a 3.3% share.

What are the leading suppliers of palm kernel and babassu oil to Argentina?

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In value terms, Malaysia ($5M) constituted the largest supplier of palm kernel oil to Argentina, comprising 50% of total imports. The second position in the ranking was occupied by Colombia ($2.2M), with a 22% share of total imports. It was followed by Indonesia, with a 17% share.

What is the average export price for palm kernel and babassu oil in Argentina?

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In 2019, the average palm kernel oil export price amounted to $1,010 per tonne, falling by -52.3% against the previous year.

What is the average import price for palm kernel and babassu oil in Argentina?

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In 2019, the average palm kernel oil import price amounted to $885 per tonne, with a decrease of -32.1% against the previous year.