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Canada - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Canada: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Canada

The Canadian palm kernel oil market rose rapidly to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Palm kernel oil consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Palm Kernel Oil Exports

Exports from Canada

In 2020, the amount of palm kernel and babassu oil exported from Canada declined rapidly to X tonnes, shrinking by -X% compared with the year before. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes, and then shrank remarkably in the following year.

In value terms, palm kernel oil exports shrank remarkably to $X in 2020. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2019, and then fell significantly in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for palm kernel oil exports from Canada, accounting for a X% share of total exports. Moreover, palm kernel oil exports to the U.S. exceeded the volume sent to the second major destination, Saint Pierre and Miquelon (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to -X%.

In value terms, the U.S. ($X) remains the key foreign market for palm kernel oil exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%.

Export Prices by Country

The average palm kernel oil export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Saint Pierre and Miquelon amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Palm Kernel Oil Imports

Imports into Canada

For the third year in a row, Canada recorded decline in purchases abroad of palm kernel and babassu oil, which decreased by -X% to X tonnes in 2020. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, palm kernel oil imports reached $X in 2020. Over the period under review, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. 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) constituted the largest palm kernel oil supplier to Canada, accounting for a X% share of total imports. Moreover, palm kernel oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the U.S. (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Malaysia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?
+
The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (842K tonnes), together accounting for 66% of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia (5.1M tonnes) constituted the country with the largest volume of palm kernel oil production, comprising approx. 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. The third position in this ranking was occupied by Thailand (300K tonnes), with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to Canada?
+
In value terms, Malaysia ($16M) constituted the largest supplier of palm kernel oil to Canada, comprising 79% of total imports. The second position in the ranking was occupied by Indonesia ($2.9M), with a 14% share of total imports.
What are the leading importers of palm kernel and babassu oil from Canada?
+
In value terms, the U.S. ($57K) remains the key foreign market for palm kernel oil exports from Canada, comprising 98% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($1.1K), with a 1.9% share of total exports.
What is the average export price for palm kernel and babassu oil in Canada?
+
The average palm kernel oil export price stood at $1,813 per tonne in 2020, increasing by 55% against the previous year.
What is the average import price for palm kernel and babassu oil in Canada?
+
The average palm kernel oil import price stood at $1,395 per tonne in 2020, increasing by 3.2% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• 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

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 2030
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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