Guinea-Bissau: Crude Palm Oil Market 2020

Crude Palm Oil Market Size in Guinea-Bissau

The revenue of the crude palm oil market in Guinea-Bissau amounted to $X in 2018, remaining constant against the previous year. Overall, crude palm oil consumption continues to indicate an outstanding expansion. Over the period under review, the crude palm oil market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Crude Palm Oil Production in Guinea-Bissau

In value terms, crude palm oil production stood at $X in 2018 estimated in export prices. Overall, crude palm oil production continues to indicate an abrupt reduction. The growth pace was the most rapid in 2013 when production volume increased by X% against the previous year. Guinea-Bissau crude palm oil production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from Guinea-Bissau

In 2018, the crude palm oil exports from Guinea-Bissau amounted to X tons, going down by -X% against the previous year. Over the period under review, crude palm oil exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. In that year, crude palm oil exports attained their peak of X tons. From 2012 to 2018, the growth of crude palm oil exports remained at a lower figure.

In value terms, crude palm oil exports stood at $X in 2018. Over the period under review, crude palm oil exports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, crude palm oil exports attained their peak of $X. From 2012 to 2018, the growth of crude palm oil exports remained at a somewhat lower figure.

Exports by Country

Indonesia represented the major exporter of crude palm oil in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2018. It was distantly followed by Malaysia (X tons), Colombia (X tons), Papua New Guinea (X tons) and Guatemala (X tons), together constituting a X% share of total exports. Honduras (X tons) and Thailand (X tons) held a relatively small share 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 ($X) remains the largest crude palm oil supplier from Guinea-Bissau, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

In Indonesia, crude palm 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 Papua New Guinea (+X% per year).

Export Prices by Country

In 2018, the crude palm oil export price in Guinea-Bissau amounted to $X per ton, surging by X% against the previous year. Overall, the export price indicated a perceptible expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, crude palm oil export price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2011 when the export price increased by X% y-o-y. In that year, the export prices for crude palm oil attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for crude palm oil failed to regain its momentum.

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 Guinea-Bissau

Crude palm oil imports into Guinea-Bissau amounted to X tons in 2012, standing approx. at the previous year. Overall, crude palm oil imports continue to indicate an outstanding expansion. Guinea-Bissau imports peaked in 2012 and are likely to see steady growth in the near future.

In value terms, crude palm oil imports amounted to $X in 2012. In general, crude palm oil imports continue to indicate a prominent increase. Over the period under review, crude palm oil imports attained their maximum in 2012 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, India (X tons) was the key importer of crude palm oil, constituting X% of total imports. It was distantly followed by the Netherlands (X tons), achieving 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) occupied a little share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2018. 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. India (+X p.p.), the Netherlands (+X p.p.), Italy (+X p.p.), Spain (+X p.p.) and Kenya (+X p.p.) significantly strengthened its position in terms of the global imports, while Bangladesh saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude palm oil into Guinea-Bissau, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($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. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Bangladesh (-X% per year).

Import Prices by Country

The crude palm oil import price in Guinea-Bissau stood at $X per ton in 2018, approximately equating the previous year. Over the period under review, the crude palm oil import price continues to indicate a mild shrinkage. In that year, the import prices for crude palm oil attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for crude palm oil failed to regain its momentum.

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