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China - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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China: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in China

For the sixth year in a row, the Chinese crude palm oil market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Crude Palm Oil Production in China

In value terms, crude palm oil production contracted slightly to $X in 2019 estimated in export prices. Overall, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from China

In 2019, the amount of crude palm oil exported from China contracted to X tonnes, dropping by -X% on 2018 figures. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2010 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, crude palm oil exports reduced sharply to $X in 2019. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Malawi (X tonnes) was the main destination for crude palm oil exports from China, accounting for a X% share of total exports. Moreover, crude palm oil exports to Malawi exceeded the volume sent to the second major destination, Cabo Verde (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malawi was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+X% per year) and Benin (-X% per year).

In value terms, Malawi ($X) emerged as the key foreign market for crude palm oil exports from China, comprising X% of total exports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Malawi was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+X% per year) and Benin (-X% per year).

Export Prices by Country

The average crude palm oil export price stood at $X per tonne in 2019, approximately equating the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Malawi ($X per tonne), while the average price for exports to Benin ($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 Malawi, while the prices for the other major destinations experienced a decline.

Crude Palm Oil Imports

Imports into China

In 2019, purchases abroad of crude palm oil increased by X% to X tonnes, rising for the seventh year in a row after three years of decline. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports fell sharply to $X in 2019. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and Papua New Guinea (X tonnes) were the main suppliers of crude palm oil imports to China, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Papua New Guinea, while imports for the other leaders experienced a decline.

In value terms, the largest crude palm oil suppliers to China were Malaysia ($X), Indonesia ($X) and Papua New Guinea ($X), with a combined X% share of total imports.

In terms of the main suppliers, Papua New Guinea saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average crude palm oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Malaysia ($X per tonne), while the price for Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?
+
Indonesia (36M tonnes) remains the largest crude palm oil consuming country worldwide, comprising approx. 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. The third position in this ranking was occupied by India (6.6M tonnes), with a 8.5% share.
What are the largest producers of crude palm oil in the world?
+
The country with the largest volume of crude palm oil production was Indonesia (44M tonnes), accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.
What are the leading suppliers of crude palm oil to China?
+
In value terms, the largest crude palm oil suppliers to China were Malaysia ($11M), Indonesia ($7.1M) and Papua New Guinea ($4.7M), with a combined 100% share of total imports.
What are the leading importers of crude palm oil from China?
+
In value terms, Malawi ($60K) emerged as the key foreign market for crude palm oil exports from China, comprising 80% of total exports. The second position in the ranking was occupied by Cabo Verde ($13K), with a 17% share of total exports.
What is the average export price for crude palm oil in China?
+
The average crude palm oil export price stood at $782 per tonne in 2019, leveling off at the previous year.
What is the average import price for crude palm oil in China?
+
In 2019, the average crude palm oil import price amounted to $193 per tonne, waning by -20.5% 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 China. 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:

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