
Argentina - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Argentina: Crude Palm Oil Market Overview 2021
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Crude Palm Oil Market Size in Argentina
The Argentinian crude palm oil market surged to $X in 2019, rising 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). Overall, consumption recorded significant growth. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.
Crude Palm Oil Exports
Exports from Argentina
In 2019, exports of crude palm oil from Argentina shrank rapidly to X tonnes, which is down by -X% on the previous year. In general, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth exports remained at a somewhat lower figure.
In value terms, crude palm oil exports contracted rapidly to $X in 2019. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Mozambique (X tonnes), Nepal (X tonnes) and Malawi (X tonnes) were the main destinations of crude palm oil exports from Argentina, with a combined X% share of total exports.
From 2007 to 2019, the biggest increases were in Mozambique, while shipments for the other leaders experienced mixed trend patterns.
In value terms, Mozambique ($X) remains the key foreign market for crude palm oil exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Nepal ($X), with a X% share of total exports.
From 2007 to 2019, the average annual growth rate of value to Mozambique amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-X% per year) and Malawi (-X% per year).
Export Prices by Country
In 2019, the average crude palm oil export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price, however, showed tangible growth. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Mozambique ($X per tonne), while the average price for exports to Nepal ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique, while the prices for the other major destinations experienced a decline.
Crude Palm Oil Imports
Imports into Argentina
For the third year in a row, Argentina recorded growth in supplies from abroad of crude palm oil, which increased by X% to X tonnes in 2019. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the near future.
In value terms, crude palm oil imports reached $X in 2019. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2017, the U.S. (X tonnes) was the main crude palm oil supplier to Argentina, accounting for a approx. X% share of total imports.
From 2007 to 2017, the average annual rate of growth in terms of volume from the U.S. was relatively modest.
In value terms, the U.S. ($X) constituted the largest supplier of crude palm oil to Argentina.
From 2007 to 2017, the average annual rate of growth in terms of value from the U.S. was relatively modest.
Import Prices by Country
The average crude palm oil import price stood at $X per tonne in 2017, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2017, import prices failed to regain the momentum.
As there is only one major supplying country, the average price level is determined by prices for the U.S..
From 2007 to 2017, the rate of growth in terms of prices for the U.S. amounted to X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for crude palm oil in the world?+
Indonesia (36M tonnes) constituted the country with the largest volume of crude palm oil consumption, accounting for 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. India (6.6M tonnes) ranked third in terms of total consumption with a 8.5% share.
What are the largest producers of crude palm oil in the world?+
Indonesia (44M tonnes) remains the largest crude palm oil producing country worldwide, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.
What are the leading suppliers of crude palm oil to Argentina?+
In value terms, the U.S. ($880K) constituted the largest supplier of crude palm oil to Argentina.
What are the leading importers of crude palm oil from Argentina?+
In value terms, Mozambique ($276K) remains the key foreign market for crude palm oil exports from Argentina, comprising 87% of total exports. The second position in the ranking was occupied by Nepal ($23K), with a 7.1% share of total exports.
What is the average export price for crude palm oil in Argentina?+
The average crude palm oil export price stood at $843 per tonne in 2019, which is down by -20.1% against the previous year.
What is the average import price for crude palm oil in Argentina?+
In 2017, the average crude palm oil import price amounted to $568 per tonne, waning by -4.4% against the previous year.
This report provides an in-depth analysis of the crude palm oil market in Argentina. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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