Democratic Republic of the Congo: Palm Kernel Oil Market Overview 2020

Palm Kernel Oil Market Size in Democratic Republic of the Congo

The revenue of the palm kernel oil market in Democratic Republic of the Congo amounted to $X in 2018, rising by X% against the previous year. Overall, palm kernel oil consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the palm kernel oil market reached its maximum level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Palm Kernel Oil Production in Democratic Republic of the Congo

In value terms, palm kernel oil production stood at $X in 2018 estimated in export prices. Overall, palm kernel oil production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, palm kernel oil production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Democratic Republic of the Congo

In 2018, approx. X tonnes of palm kernel and babassu oil were exported from Democratic Republic of the Congo; going up by X% against the previous year. In general, palm kernel oil exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Democratic Republic of the Congo exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, palm kernel oil exports totaled $X in 2018. Overall, palm kernel oil exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Democratic Republic of the Congo exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Indonesia represented the key exporting country with an export of around X tonnes, which finished at X% of total exports. It was distantly followed by Malaysia (X tonnes), committing a X% share of total exports. The following exporters - the Netherlands (X tonnes), Colombia (X tonnes), Papua New Guinea (X tonnes), Thailand (X tonnes) and Guatemala (X tonnes) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to palm kernel oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%), Colombia (+X%), the Netherlands (+X%), Papua New Guinea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia experienced a relatively flat trend pattern. Indonesia (+X p.p.), the Netherlands (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest palm kernel oil supplier from Democratic Republic of the Congo, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In Indonesia, palm kernel oil exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The palm kernel oil export price in Democratic Republic of the Congo stood at $X per tonne in 2018, waning by -X% against the previous year. Overall, the palm kernel oil export price continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Democratic Republic of the Congo export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Papua New Guinea ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Democratic Republic of the Congo

In 2018, the palm kernel oil imports into Democratic Republic of the Congo amounted to X tonnes, waning by -X% against the previous year. Over the period under review, palm kernel oil imports continue to indicate a dramatic reduction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. In that year, palm kernel oil imports reached their peak of X tonnes. From 2014 to 2018, the growth of palm kernel oil imports remained at a somewhat lower figure.

In value terms, palm kernel oil imports totaled $X in 2018. Overall, palm kernel oil imports continue to indicate a sharp descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, palm kernel oil imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of palm kernel oil imports in 2018 were China (X tonnes), the U.S. (X tonnes), Germany (X tonnes), Malaysia (X tonnes), the Netherlands (X tonnes), Brazil (X tonnes) and India (X tonnes), together accounting for X% of total import. The Philippines (X tonnes), Mexico (X tonnes), Japan (X tonnes), Turkey (X tonnes) and Spain (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Malaysia, Brazil, the Netherlands, India, Mexico, the Philippines, Turkey, Japan, Spain and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X Philippines experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The palm kernel oil import price in Democratic Republic of the Congo stood at $X per tonne in 2018, dropping by -X% against the previous year. In general, the palm kernel oil import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Democratic Republic of the Congo import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform