
Asia - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Crude Palm Oil Market 2022
Crude Palm Oil Market Size in Asia
The Asian crude palm oil market skyrocketed to $X in 2020, growing by X% against the previous year. The total consumption indicated a buoyant expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in years to come.
Crude Palm Oil Production in Asia
In value terms, crude palm oil production soared to $X in 2020 estimated in export prices. The total production indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.
Production By Country in Asia
Indonesia (X tonnes) constituted the country with the largest volume of crude palm oil production, accounting for X% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (X tonnes), twofold.
In Indonesia, crude palm oil production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Thailand (+X% per year).
Crude Palm Oil Exports
Exports in Asia
In 2020, approx. X tonnes of crude palm oil were exported in Asia; increasing by X% compared with the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.
In value terms, crude palm oil exports soared to $X in 2020. Total exports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.
Exports by Country
Indonesia was the main exporting country with an export of about X tonnes, which amounted to X% of total exports. It was distantly followed by Malaysia (X tonnes), achieving a X% share of total exports. Singapore (X tonnes) occupied a little share of total exports.
From 2007 to 2020, the biggest increases were in Malaysia, while shipments for the other leaders experienced more modest paces of growth.
In value terms, Indonesia ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.
Among the main exporting countries, Malaysia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2020, the crude palm oil export price in Asia amounted to $X per tonne, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the export prices failed to regain the momentum.
Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Singapore ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.
Crude Palm Oil Imports
Imports in Asia
In 2020, purchases abroad of crude palm oil decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.
In value terms, crude palm oil imports soared to $X in 2020. In general, imports, however, posted a modest expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.
Imports by Country
India dominates crude palm oil imports structure, resulting at X tonnes, which was near X% of total imports in 2020. Malaysia (X tonnes) held the second position in the ranking, followed by Saudi Arabia (X tonnes). All these countries together occupied approx. X% share of total imports. The following importers - Pakistan (X tonnes) and Singapore (X tonnes) - each amounted to a X% share of total imports.
From 2007 to 2020, average annual rates of growth with regard to crude palm oil imports into India stood at +X%. At the same time, Saudi Arabia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Pakistan (-X%) and Singapore (-X%) illustrated a downward trend over the same period. India (+X p.p.), Saudi Arabia (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Singapore saw its share reduced by -X% and -X% from 2007 to 2020, respectively.
In value terms, India ($X) constitutes the largest market for imported crude palm oil in Asia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.
In India, crude palm oil imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Saudi Arabia (+X% per year).
Import Prices by Country
The crude palm oil import price in Asia stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Saudi Arabia ($X per tonne) and India ($X per tonne), while Singapore ($X per tonne) and Pakistan ($X per tonne) were amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the crude palm oil market in Asia. 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 Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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