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Latin America and the Caribbean - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Latin America and the Caribbean

The Latin American crude palm oil market rose notably to $X in 2019, increasing by X% against the previous year. Overall, consumption recorded a strong expansion. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Crude Palm Oil Production in Latin America and the Caribbean

In value terms, crude palm oil production reduced slightly to $X in 2019 estimated in export prices. The total production indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of crude palm oil production in 2019 were Colombia (X tonnes), Guatemala (X tonnes) and Honduras (X tonnes), together comprising X% of total production.

From 2007 to 2019, the biggest increases were in Guatemala, while crude palm oil production for the other leaders experienced more modest paces of growth.

Crude Palm Oil Exports

Exports in Latin America and the Caribbean

In 2019, after eight years of growth, there was significant decline in overseas shipments of crude palm oil, when their volume decreased by -X% to X tonnes. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2018, and then declined markedly in the following year.

In value terms, crude palm oil exports declined significantly to $X in 2019. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2018, and then dropped dramatically in the following year.

Exports by Country

Guatemala (X tonnes) and Colombia (X tonnes) represented the key exporters of crude palm oil in 2019, amounting to approx. X% and X% of total exports, respectively. Costa Rica (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Honduras (X%) and Ecuador (X%). The following exporters - Peru (X tonnes) and Nicaragua (X tonnes) - each recorded a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude palm oil supplying countries in Latin America and the Caribbean were Guatemala ($X), Colombia ($X) and Honduras ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Guatemala saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The crude palm oil export price in Latin America and the Caribbean stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price saw a perceptible setback. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Ecuador ($X per tonne) and Honduras ($X per tonne), while Colombia ($X per tonne) and Nicaragua ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced a decline in the export price figures.

Crude Palm Oil Imports

Imports in Latin America and the Caribbean

In 2019, purchases abroad of crude palm oil decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, crude palm oil imports contracted significantly to $X in 2019. Over the period under review, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

Mexico was the key importing country with an import of about X tonnes, which reached X% of total imports. It was distantly followed by Colombia (X tonnes), Brazil (X tonnes), El Salvador (X tonnes) and the Dominican Republic (X tonnes), together committing a X% share of total imports. Honduras (X tonnes) and Costa Rica (X tonnes) held a relatively small share of total imports.

From 2007 to 2019, average annual rates of growth with regard to crude palm oil imports into Mexico stood at +X%. At the same time, Honduras (+X%), Colombia (+X%), Costa Rica (+X%), the Dominican Republic (+X%), Brazil (+X%) and El Salvador (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Colombia (+X p.p.), Mexico (+X p.p.), Brazil (+X p.p.), Honduras (+X p.p.), the Dominican Republic (+X p.p.) and Costa Rica (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported crude palm oil in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, crude palm oil imports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Colombia (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2019, the crude palm oil import price in Latin America and the Caribbean amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Colombia ($X per tonne) and Mexico ($X per tonne), while Honduras ($X per tonne) and the Dominican Republic ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in LatAmerica and the Caribbean?
+
Colombia (1.4M tonnes) constituted the country with the largest volume of crude palm oil consumption, comprising approx. 32% of total volume. Moreover, crude palm oil consumption in Colombia exceeded the figures recorded by the second-largest consumer, Honduras (569K tonnes), twofold. Ecuador (500K tonnes) ranked third in terms of total consumption with a 12% share.
What are the largest producers of crude palm oil in LatAmerica and the Caribbean?
+
The countries with the highest volumes of crude palm oil production in 2019 were Colombia (1.8M tonnes), Guatemala (1M tonnes) and Honduras (709K tonnes), with a combined 66% share of total production.
What are the leading suppliers of crude palm oil in LatAmerica and the Caribbean?
+
In value terms, Guatemala ($373M), Colombia ($274M) and Honduras ($103M) constituted the countries with the highest levels of exports in 2019, with a combined 74% share of total exports.
What are the leading importers of crude palm oil in LatAmerica and the Caribbean?
+
In value terms, Mexico ($199M) constitutes the largest market for imported crude palm oil in Latin America and the Caribbean, comprising 47% of total imports. The second position in the ranking was occupied by Colombia ($92M), with a 22% share of total imports. It was followed by Brazil, with a 7.5% share.
What is the average export price for crude palm oil in LatAmerica and the Caribbean?
+
In 2019, the crude palm oil export price in Latin America and the Caribbean amounted to $546 per tonne, dropping by -12.9% against the previous year.
What is the average import price for crude palm oil in LatAmerica and the Caribbean?
+
The crude palm oil import price in Latin America and the Caribbean stood at $557 per tonne in 2019, declining by -14.1% 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 Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guyana
• Haiti
• Jamaica
• Martinique
• Montserrat
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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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