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Asia - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Asia

The Asian crude palm oil market skyrocketed to $X in 2020, jumping 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-year period. 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 pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak 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 skyrocketed 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 years. 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 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in years to come.

Production By Country in Asia

The country with the largest volume of crude palm oil production was Indonesia (X tonnes), 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, shipments 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 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 was the most pronounced in 2008 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, crude palm oil exports expanded sharply to $X in 2020. Total exports indicated a notable 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% against the previous year. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Indonesia (X tonnes) represented the largest exporter of crude palm oil, mixing up X% of total exports. It was distantly followed by Malaysia (X tonnes), committing a X% share of total exports. Singapore (X tonnes) followed a long way behind the leaders.

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, with a combined X% share of total exports.

Malaysia recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The crude palm oil export price in Asia stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. 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 remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Singapore ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Crude Palm Oil Imports

Imports in Asia

In 2020, approx. X tonnes of crude palm oil were imported in Asia; remaining relatively unchanged against 2019 figures. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, crude palm oil imports soared to $X in 2020. In general, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, India (X tonnes) was the key importer of crude palm oil, generating X% of total imports. It was distantly followed by Malaysia (X tonnes) and Saudi Arabia (X tonnes), together creating a X% share of total imports. Pakistan (X tonnes) took a little share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Pakistan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Malaysia and Saudi Arabia increased by +X%, +X% and +X% percentage points, while Pakistan (-X p.p.) saw their share reduced.

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.

From 2007 to 2020, the average annual rate of growth in terms of value in India amounted to +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

In 2020, the crude palm oil import price in Asia amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, import price reached 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 India ($X per tonne) and Pakistan ($X per tonne), while Malaysia ($X per tonne) and Saudi Arabia ($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

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in Asia?
+
Indonesia (40M tonnes) constituted the country with the largest volume of crude palm oil consumption, comprising approx. 58% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. India (7M tonnes) ranked third in terms of total consumption with a 10% share.
What are the largest producers of crude palm oil in Asia?
+
Indonesia (47M tonnes) remains the largest crude palm oil producing country in Asia, accounting for 66% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold.
What are the leading suppliers of crude palm oil in Asia?
+
In value terms, Indonesia ($4.7B), Malaysia ($2.7B) and Singapore ($204M) constituted the countries with the highest levels of exports in 2020, with a combined 98% share of total exports.
What are the leading importers of crude palm oil in Asia?
+
In value terms, India ($4.9B) constitutes the largest market for imported crude palm oil in Asia, comprising 82% of total imports. The second position in the ranking was occupied by Malaysia ($487M), with a 8.1% share of total imports. It was followed by Saudi Arabia, with a 4% share.
What is the average export price for crude palm oil in Asia?
+
In 2020, the crude palm oil export price in Asia amounted to $705 per tonne, picking up by 22% against the previous year.
What is the average import price for crude palm oil in Asia?
+
The crude palm oil import price in Asia stood at $675 per tonne in 2020, surging by 25% against the previous year.

Product coverage:
• FCL 257 - Oil of palm

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.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• China, Macao SAR
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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