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Australia - Palm Kernels - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Palm Kernel Market Overview 2021

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Palm Kernel Market Size in Australia

The Australian palm kernel market fell significantly to $X in 2019, which is down by -X% against the previous year. In general, consumption, however, showed a resilient expansion. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Palm Kernel Production in Australia

In value terms, palm kernel production dropped rapidly to $X in 2019 estimated in export prices. Over the period under review, production, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

The average yield of palm kernels in Australia amounted to X kg per ha in 2019, remaining stable against 2018. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of palm kernels production in Australia was estimated at X ha, therefore, remained relatively stable against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Palm Kernel Exports

Exports from Australia

Palm kernel exports from Australia skyrocketed to X tonnes in 2019, growing by X% compared with 2018. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, palm kernel exports soared to $X in 2019. In general, exports, however, showed a pronounced descent. Exports peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes), the Netherlands (X tonnes) and Uruguay (X tonnes) were the main destinations of palm kernel exports from Australia, with a combined X% share of total exports. These countries were followed by New Zealand, China, the U.S., Spain, the UK, Malaysia, Cambodia, Japan and Germany, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for palm kernel exported from Australia were Uruguay ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total exports. New Zealand, the United Arab Emirates, the UK, the U.S., Germany, China, Cambodia, Malaysia and Japan lagged somewhat behind, together accounting for a further X terms of the main countries of destination, the UK recorded 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

The average palm kernel export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Uruguay ($X per tonne), while the average price for exports to the United Arab Emirates ($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 the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Imports

Imports into Australia

In 2019, imports of palm kernels into Australia reduced rapidly to X tonnes, declining by -X% against 2018 figures. Over the period under review, imports, however, showed perceptible growth. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2018, and then contracted remarkably in the following year.

In value terms, palm kernel imports totaled $X in 2019. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of palm kernel to Australia, accounting for a X% share of total imports. Moreover, palm kernel imports from New Zealand exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold. Israel (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Israel (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of palm kernel to Australia, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Israel (+X% per year).

Import Prices by Country

The average palm kernel import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the import price showed a temperate expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?
+
The countries with the highest volumes of palm kernel consumption in 2019 were India (8.1K tonnes), the U.S. (5.2K tonnes) and Spain (4.8K tonnes), together comprising 38% of global consumption. Viet Nam, Germany, Turkey, Egypt, the Netherlands, Saudi Arabia, Japan, South Korea, New Zealand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of palm kernels in the world?
+
The countries with the highest volumes of palm kernel production in 2019 were India (10K tonnes), the U.S. (5.5K tonnes) and Thailand (4.8K tonnes), together comprising 52% of global production. Austria, Egypt, New Zealand, Chile, Denmark, Peru, Myanmar, Indonesia, China and Afghanistan lagged somewhat behind, together comprising a further 33%.
What are the leading suppliers of palm kernels to Australia?
+
In value terms, New Zealand ($6M) constituted the largest supplier of palm kernel to Australia, comprising 30% of total imports. The second position in the ranking was occupied by Italy ($1.8M), with a 8.8% share of total imports. It was followed by Israel, with a 7.2% share.
What are the leading importers of palm kernels from Australia?
+
In value terms, Uruguay ($1M), the Netherlands ($586K) and Spain ($302K) appeared to be the largest markets for palm kernel exported from Australia worldwide, together accounting for 58% of total exports. New Zealand, the United Arab Emirates, the UK, the U.S., Germany, China, Cambodia, Malaysia and Japan lagged somewhat behind, together comprising a further 25%.
What is the average export price for palm kernels in Australia?
+
In 2019, the average palm kernel export price amounted to $12,693 per tonne, declining by -2.4% against the previous year.
What is the average import price for palm kernels in Australia?
+
The average palm kernel import price stood at $44,730 per tonne in 2019, surging by 56% against the previous year.

Product coverage:
• FCL 256 - Palm kernels

This report provides an in-depth analysis of the palm kernel market in Australia. 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:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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