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

Refined Palm Oil Market Size in Australia

The Australian refined palm oil market soared to $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refined Palm Oil Production in Australia

In value terms, refined palm oil production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, the total production indicated strong 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 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Refined Palm Oil Exports

Exports from Australia

After two years of decline, shipments abroad of refined palm oil increased by X% to X tonnes in 2020. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, refined palm oil exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

New Zealand (X tonnes), the U.S. (X tonnes) and Malaysia (X tonnes) were the main destinations of refined palm oil exports from Australia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in the U.S. (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined palm oil exported from Australia were New Zealand ($X), the U.S. ($X) and Malaysia ($X), with a combined X% share of total exports.

Malaysia (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined palm oil export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2007 to 2020: its price 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, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Refined Palm Oil Imports

Imports into Australia

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 saw a pronounced reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, refined palm oil imports reduced to $X in 2020. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) was the main refined palm oil supplier to Australia, accounting for a X% share of total imports. It was followed by Singapore (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia totaled -X%.

In value terms, Malaysia ($X) constituted the largest supplier of refined palm oil to Australia, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Malaysia totaled -X%.

Import Prices by Country

In 2020, the average refined palm oil import price amounted to $X per tonne, surging by X% against the previous year. In general, import price indicated a slight expansion from 2007 to 2020: its price 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. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($X per tonne), while the price for Malaysia totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
+
China (9.4M tonnes) constituted the country with the largest volume of refined palm oil consumption, accounting for 14% of total volume. Moreover, refined palm oil consumption in China exceeded the figures recorded by the second-largest consumer, India (4.3M tonnes), twofold. The third position in this ranking was occupied by the U.S. (4.1M tonnes), with a 5.9% share.
What are the largest producers of refined palm oil in the world?
+
Indonesia (20M tonnes) remains the largest refined palm oil producing country worldwide, comprising approx. 29% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (10M tonnes), twofold. The third position in this ranking was occupied by India (4M tonnes), with a 5.7% share.
What are the leading suppliers of refined palm oil to Australia?
+
In value terms, Malaysia ($61M) constituted the largest supplier of refined palm oil to Australia, comprising 94% of total imports. The second position in the ranking was occupied by Singapore ($3.2M), with a 4.9% share of total imports.
What are the leading importers of refined palm oil from Australia?
+
In value terms, the largest markets for refined palm oil exported from Australia were New Zealand ($113K), the U.S. ($106K) and Malaysia ($13K), together accounting for 88% of total exports.
What is the average export price for refined palm oil in Australia?
+
In 2020, the average refined palm oil export price amounted to $1,639 per tonne, rising by 87% against the previous year.
What is the average import price for refined palm oil in Australia?
+
In 2020, the average refined palm oil import price amounted to $814 per tonne, surging 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. 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
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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