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

Crude Palm Oil Market Size in Eastern Asia

For the third consecutive year, the East Asian crude palm oil market recorded decline in sales value, which decreased by -X% to $X in 2019. In general, consumption recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Crude Palm Oil Production in Eastern Asia

In value terms, crude palm oil production declined slightly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Production By Country in Eastern Asia

China (X tonnes) remains the largest crude palm oil producing country in Eastern Asia, accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in China totaled -X%.

Crude Palm Oil Exports

Exports in Eastern Asia

In 2019, shipments abroad of crude palm oil decreased by -X% to X tonnes, falling for the fifth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, crude palm oil exports dropped dramatically to $X in 2019. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

China (X tonnes) and Hong Kong SAR (X tonnes) were the major exporters of crude palm oil in 2019, amounting to approx. X% and X% of total exports, respectively. Japan (X tonnes) ranks next in terms of the total exports with a X% share, followed by South Korea (X%).

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan, while exports for the other leaders experienced a decline in the exports figures.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2019, together comprising X% of total exports.

Japan recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2019, the crude palm oil export price in Eastern Asia amounted to $X per tonne, growing by X% against the previous year. Export price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, crude palm oil export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Crude Palm Oil Imports

Imports in Eastern Asia

In 2019, approx. X tonnes of crude palm oil were imported in Eastern Asia; leveling off at the previous year's figure. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, crude palm oil imports reduced notably to $X in 2019. In general, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous 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

China prevails in crude palm oil imports structure, accounting for X tonnes, which was approx. X% of total imports in 2019. It was distantly followed by Japan (X tonnes), achieving a X% share of total imports.

China was also the fastest-growing in terms of the crude palm oil imports, with a CAGR of -X% from 2007 to 2019. Japan (-X%) illustrated a downward trend over the same period. While the share of China (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported crude palm oil in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in China totaled -X%.

Import Prices by Country

In 2019, the crude palm oil import price in Eastern Asia amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while China amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in Eastern Asia?
+
The country with the largest volume of crude palm oil consumption was China (301K tonnes), comprising approx. 97% of total volume. It was followed by Japan (5.9K tonnes), with a 1.9% share of total consumption.
What are the largest producers of crude palm oil in Eastern Asia?
+
China (186K tonnes) remains the largest crude palm oil producing country in Eastern Asia, accounting for 100% of total volume.
What are the leading suppliers of crude palm oil in Eastern Asia?
+
In value terms, the largest crude palm oil supplying countries in Eastern Asia were Hong Kong SAR ($111K), China ($75K) and Japan ($33K), with a combined 92% share of total exports.
What are the leading importers of crude palm oil in Eastern Asia?
+
In value terms, China ($22M) constitutes the largest market for imported crude palm oil in Eastern Asia, comprising 72% of total imports. The second position in the ranking was occupied by Japan ($5.7M), with a 18% share of total imports.
What is the average export price for crude palm oil in Eastern Asia?
+
The crude palm oil export price in Eastern Asia stood at $1,008 per tonne in 2019, increasing by 12% against the previous year.
What is the average import price for crude palm oil in Eastern Asia?
+
In 2019, the crude palm oil import price in Eastern Asia amounted to $247 per tonne, declining by -16.1% 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 Eastern Asia. 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:
• China, Macao SAR
• Democratic People's Republic of Korea
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• China, Hong Kong SAR
• China, Macao SAR
• Japan
• South Korea
• Taiwan, Chinese
• Democratic People's Republic of Korea
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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