Equatorial Guinea: Crude Palm Oil Market 2020

Crude Palm Oil Market Size in Equatorial Guinea

The revenue of the crude palm oil market in Equatorial Guinea amounted to $X in 2018, jumping by 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, crude palm oil consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the crude palm oil market attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Crude Palm Oil Exports

Exports from Equatorial Guinea

In 2016, the amount of crude palm oil exported from Equatorial Guinea totaled X kg, surging by X% against the previous year. Over the period under review, crude palm oil exports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. In that year, crude palm oil exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, crude palm oil exports stood at $X in 2016. Overall, crude palm oil exports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. In that year, crude palm oil exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Indonesia (X tons) represented the major exporter of crude palm oil, committing X% of total exports. Malaysia (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Colombia (X%), Papua New Guinea (X%) and Guatemala (X%). The following exporters - Honduras (X tons) and Thailand (X tons) - together made up X% of total exports.

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

In value terms, Indonesia ($X) remains the largest crude palm oil supplier from Equatorial Guinea, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Indonesia totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

In 2018, the crude palm oil export price in Equatorial Guinea amounted to $X per ton, leveling off at the previous year. In general, the crude palm oil export price continues to indicate a deep decrease. Equatorial Guinea export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Papua New Guinea ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Colombia ($X per ton) were 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 mixed trends in the export price figures.

Crude Palm Oil Imports

Imports into Equatorial Guinea

In 2018, the crude palm oil imports into Equatorial Guinea stood at X tons, picking up by X% against the previous year. In general, crude palm oil imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, crude palm oil imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, crude palm oil imports totaled $X in 2018. Overall, crude palm oil imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Equatorial Guinea imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

India was the main importer of crude palm oil in the world, with the volume of imports recording X tons, which was approx. X% of total imports in 2018. It was distantly followed by the Netherlands (X tons), generating a X% share of total imports. Bangladesh (X tons), Kenya (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Germany (X tons), Mexico (X tons), Saudi Arabia (X tons) and Uganda (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to crude palm oil imports into India stood at +X%. At the same time, Uganda (+X%), Italy (+X%), Spain (+X%), Saudi Arabia (+X%), Kenya (+X%), Malaysia (+X%), Mexico (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), the Netherlands (+X p.p.), Italy (+X p.p.), Spain (+X p.p.) and Kenya (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Bangladesh (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude palm oil into Equatorial Guinea, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

In India, crude palm oil imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Bangladesh (-X% per year).

Import Prices by Country

The crude palm oil import price in Equatorial Guinea stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the crude palm oil import price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2010 when the import price increased by X% y-o-y. Over the period under review, the import prices for crude palm oil reached their peak figure in 2018 and is likely to see steady growth in the immediate term.

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

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

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Source: IndexBox Platform