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

Refined Palm Oil Market Size in Australia and Oceania

In 2020, the refined palm oil market in Australia and Oceania increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Refined Palm Oil Production in Australia and Oceania

In value terms, refined palm oil production skyrocketed to $X in 2020 estimated in export prices. The total production 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. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in Australia and Oceania

Australia (X tonnes) remains the largest refined palm oil producing country in Australia and Oceania, accounting for X% of total volume. Moreover, refined palm oil production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tonnes), threefold.

In Australia, refined palm oil production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (+X% per year) and New Zealand (+X% per year).

Refined Palm Oil Exports

Exports in Australia and Oceania

In 2020, overseas shipments of refined palm oil decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2019, and then contracted modestly in the following year.

In value terms, refined palm oil exports soared to $X in 2020. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of refined palm oil, namely Papua New Guinea, represented more than two-thirds of total export.

Papua New Guinea was also the fastest-growing in terms of the refined palm oil exports, with a CAGR of +X% from 2007 to 2020. While the share of Papua New Guinea (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) also remains the largest refined palm oil supplier in Australia and Oceania.

From 2007 to 2020, the average annual rate of growth in terms of value in Papua New Guinea stood at +X%.

Export Prices by Country

In 2020, the refined palm oil export price in Australia and Oceania amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Papua New Guinea amounted to +X% per year.

Refined Palm Oil Imports

Imports in Australia and Oceania

In 2020, overseas purchases of refined palm oil decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, refined palm oil imports surged to $X in 2020. Total imports indicated a modest 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

Australia represented the major importer of refined palm oil in Australia and Oceania, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2020. It was distantly followed by New Zealand (X tonnes) and Papua New Guinea (X tonnes), together making up a X% share of total imports. The following importers - Fiji (X tonnes), American Samoa (X tonnes), Wallis and Futuna Islands (X tonnes), Tokelau (X tonnes), Marshall Islands (X tonnes), Guam (X tonnes) and Nauru (X tonnes) - each amounted to a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil imports into Australia stood at -X%. At the same time, Wallis and Futuna Islands (+X%), Tokelau (+X%), Marshall Islands (+X%), American Samoa (+X%), Guam (+X%), Nauru (+X%), Papua New Guinea (+X%), New Zealand (+X%) and Fiji (+X%) displayed positive paces of growth. Moreover, Wallis and Futuna Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. While the share of Papua New Guinea (+X p.p.), New Zealand (+X p.p.), Wallis and Futuna Islands (+X p.p.), Tokelau (+X p.p.) and Marshall Islands (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Australia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, refined palm oil imports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Import Prices by Country

In 2020, the refined palm oil import price in Australia and Oceania amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in New Zealand ($X per tonne) and Marshall Islands ($X per tonne), while Australia ($X per tonne) and Papua New Guinea ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in Australia and Oceania?
+
The country with the largest volume of refined palm oil consumption was Australia (713K tonnes), accounting for 77% of total volume. Moreover, refined palm oil consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand (104K tonnes), sevenfold.
What are the largest producers of refined palm oil in Australia and Oceania?
+
The country with the largest volume of refined palm oil production was Australia (632K tonnes), accounting for 70% of total volume. Moreover, refined palm oil production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea (193K tonnes), threefold.
What are the leading suppliers of refined palm oil in Australia and Oceania?
+
In value terms, Papua New Guinea ($104M) remains the largest refined palm oil supplier in Australia and Oceania.
What are the leading importers of refined palm oil in Australia and Oceania?
+
In value terms, Australia ($65M) constitutes the largest market for imported refined palm oil in Australia and Oceania, comprising 48% of total imports. The second position in the ranking was occupied by New Zealand ($26M), with a 19% share of total imports. It was followed by Papua New Guinea, with a 16% share.
What is the average export price for refined palm oil in Australia and Oceania?
+
In 2020, the refined palm oil export price in Australia and Oceania amounted to $747 per tonne, growing by 23% against the previous year.
What is the average import price for refined palm oil in Australia and Oceania?
+
In 2020, the refined palm oil import price in Australia and Oceania amounted to $866 per tonne, increasing by 24% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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
• Papua New Guinea
• Samoa
• Solomon Islands
• 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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