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Australia and Oceania - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Australia and Oceania: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Australia and Oceania

The crude palm oil market in Australia and Oceania shrank slightly to $X in 2019, remaining constant against the previous year. In general, consumption posted a remarkable increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2018, and then reduced slightly in the following year.

Crude Palm Oil Production in Australia and Oceania

In value terms, crude palm oil production reduced to $X in 2019 estimated in export prices. The total production indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Production By Country in Australia and Oceania

Papua New Guinea (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 Papua New Guinea exceeded the figures recorded by the second-largest producer, Solomon Islands (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Papua New Guinea totaled +X%.

Crude Palm Oil Exports

Exports in Australia and Oceania

Crude palm oil exports reached X tonnes in 2019, with an increase of X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, crude palm oil exports fell to $X in 2019. Total exports indicated a slight expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea prevails in crude palm oil exports structure, resulting at X tonnes, which was near X% of total exports in 2019. Solomon Islands (X tonnes) held a minor share of total exports.

Papua New Guinea was also the fastest-growing in terms of the crude palm oil exports, with a CAGR of +X% from 2007 to 2019. Solomon Islands (-X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Solomon Islands (-X p.p.) displayed negative dynamics.

In value terms, Papua New Guinea ($X) remains the largest crude palm oil supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by Solomon Islands ($X), with a X% share of total exports.

In Papua New Guinea, crude palm oil exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the crude palm oil export price in Australia and Oceania amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Solomon Islands ($X per tonne), while Papua New Guinea totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Solomon Islands.

Crude Palm Oil Imports

Imports in Australia and Oceania

In 2019, approx. X tonnes of crude palm oil were imported in Australia and Oceania; rising by X% compared with the year before. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude palm oil imports surged to $X in 2019. In general, imports recorded a buoyant increase. Over the period under review, imports reached the peak figure at $X in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Papua New Guinea represented the key importer of crude palm oil in Australia and Oceania, with the volume of imports recording X tonnes, which was approx. X% of total imports in 2019. Tuvalu (X tonnes) took the second position in the ranking, distantly followed by Australia (X tonnes). All these countries together took near X% share of total imports.

Papua New Guinea was also the fastest-growing in terms of the crude palm oil imports, with a CAGR of +X% from 2007 to 2019. At the same time, Australia (+X%) displayed positive paces of growth. Tuvalu experienced a relatively flat trend pattern. Papua New Guinea (+X p.p.) and Australia (+X p.p.) significantly strengthened its position in terms of the total imports, while Tuvalu saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Papua New Guinea ($X) constitutes the largest market for imported crude palm oil in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by Tuvalu ($X), with a X% share of total imports.

In Papua New Guinea, crude palm oil imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Tuvalu (-X% per year) and Australia (+X% per year).

Import Prices by Country

In 2019, the crude palm oil import price in Australia and Oceania amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Australia ($X per tonne), while Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in Australia and Oceania?
+
Papua New Guinea (98K tonnes) constituted the country with the largest volume of crude palm oil consumption, accounting for 76% of total volume. Moreover, crude palm oil consumption in Papua New Guinea exceeded the figures recorded by the second-largest consumer, Solomon Islands (22K tonnes), fourfold.
What are the largest producers of crude palm oil in Australia and Oceania?
+
Papua New Guinea (680K tonnes) remains the largest crude palm oil producing country in Australia and Oceania, comprising approx. 94% of total volume. Moreover, crude palm oil production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Solomon Islands (35K tonnes), more than tenfold.
What are the leading suppliers of crude palm oil in Australia and Oceania?
+
In value terms, Papua New Guinea ($332M) remains the largest crude palm oil supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was occupied by Solomon Islands ($8.3M), with a 2.4% share of total exports.
What are the leading importers of crude palm oil in Australia and Oceania?
+
In value terms, Papua New Guinea ($1.2M) constitutes the largest market for imported crude palm oil in Australia and Oceania, comprising 56% of total imports. The second position in the ranking was occupied by Tuvalu ($484K), with a 23% share of total imports.
What is the average export price for crude palm oil in Australia and Oceania?
+
The crude palm oil export price in Australia and Oceania stood at $571 per tonne in 2019, which is down by -17.9% against the previous year.
What is the average import price for crude palm oil in Australia and Oceania?
+
The crude palm oil import price in Australia and Oceania stood at $517 per tonne in 2019, dropping by -17% 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 Australia and Oceania. 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:
• American Samoa
• Cook Islands
• Fiji
• French Polynesia
• Guam
• Kiribati
• Marshall Islands
• Micronesia (Federated States of)
• Nauru
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Samoa
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Australia and Oceania, split by region and country
• Trade (exports and imports) in Australia and Oceania
• 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

• Australia
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Marshall Islands
• Micronesia (Federated States of)
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• American Samoa
• Nauru
• Niue
• Guam
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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