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Iran - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Iran: Refined Palm Oil Market Overview 2021

Refined Palm Oil Market Size in Iran

In 2020, the Iranian refined palm oil market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption showed noticeable growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Refined palm oil consumption peaked at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Refined Palm Oil Production in Iran

In value terms, refined palm oil production fell to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Refined Palm Oil Exports

Exports from Iran

In 2020, overseas shipments of refined palm oil increased by X% to X tonnes, rising for the fifth consecutive year after eight years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, refined palm oil exports reached $X in 2020. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tonnes) was the main destination for refined palm oil exports from Iran, with a X% share of total exports. Moreover, refined palm oil exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X tonnes), ninefold. The third position in this ranking was occupied by Pakistan (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Kyrgyzstan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-X% per year) and Pakistan (+X% per year).

In value terms, the largest markets for refined palm oil exported from Iran were Kyrgyzstan ($X), Pakistan ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Pakistan recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined palm oil export price stood at $X per tonne in 2020, stabilizing at the previous year. Overall, the export price recorded a mild setback. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Pakistan ($X per tonne), while the average price for exports to Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan, while the prices for the other major destinations experienced mixed trend patterns.

Refined Palm Oil Imports

Imports into Iran

In 2020, supplies from abroad of refined palm oil increased by X% to X tonnes, rising for the third year in a row after four years of decline. Over the period under review, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, refined palm oil imports contracted to $X in 2020. Overall, imports saw a slight decline. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) was the main refined palm oil supplier to Iran, accounting for a X% share of total imports. It was followed by Indonesia (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia amounted to +X%.

In value terms, Malaysia ($X) constituted the largest supplier of refined palm oil to Iran, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Malaysia totaled +X%.

Import Prices by Country

In 2020, the average refined palm oil import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Indonesia ($X per tonne), while the price for Malaysia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were China (12M tonnes), the U.S. (6.5M tonnes) and India (5.2M tonnes), together accounting for 29% of global consumption. These countries were followed by Pakistan, Japan, Brazil, Russia, Indonesia, Bangladesh, Nigeria, Mexico and Turkey, which together accounted for a further 24%.
What are the largest producers of refined palm oil in the world?
+
Indonesia (13M tonnes) remains the largest refined palm oil producing country worldwide, accounting for 19% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, China (5.5M tonnes), twofold. The third position in this ranking was occupied by Malaysia (5.5M tonnes), with a 7.9% share.
What are the leading suppliers of refined palm oil to Iran?
+
In value terms, Malaysia ($263M) constituted the largest supplier of refined palm oil to Iran, comprising 96% of total imports. The second position in the ranking was occupied by Indonesia ($8.8M), with a 3.2% share of total imports.
What are the leading importers of refined palm oil from Iran?
+
In value terms, Kyrgyzstan ($194K), Pakistan ($124K) and Kazakhstan ($21K) were the largest markets for refined palm oil exported from Iran worldwide, with a combined 94% share of total exports.
What is the average export price for refined palm oil in Iran?
+
In 2020, the average refined palm oil export price amounted to $440 per tonne, standing approx. at the previous year.
What is the average import price for refined palm oil in Iran?
+
In 2020, the average refined palm oil import price amounted to $518 per tonne, declining by -2.9% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined palm oil market in Iran. 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:
• Iran

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