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

Refined Palm Oil Market Size in Latin America and the Caribbean

The Latin American refined palm oil market was finally on the rise to reach $X in 2020, after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Refined Palm Oil Production in Latin America and the Caribbean

In value terms, refined palm oil production rose rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of refined palm oil production in 2020 were Brazil (X tonnes), Mexico (X tonnes) and Argentina (X tonnes), with a combined X% share of total production. These countries were followed by Colombia, Venezuela, Peru, Cuba, Chile, Ecuador, Guatemala, the Dominican Republic, Honduras and Costa Rica, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of refined palm oil production, amongst the key producing countries, was attained by Ecuador, while refined palm oil production for the other leaders experienced more modest paces of growth.

Refined Palm Oil Exports

Exports in Latin America and the Caribbean

In 2020, approx. X tonnes of refined palm oil were exported in Latin America and the Caribbean; increasing by X% against 2019 figures. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, refined palm oil exports expanded markedly to $X in 2020. Total exports indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tonnes), Honduras (X tonnes) and Guatemala (X tonnes) represented roughly X% of total exports of refined palm oil in 2020. Costa Rica (X tonnes) held the next position in the ranking, followed by Colombia (X tonnes). All these countries together took approx. X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ecuador, while exports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Honduras ($X) and Guatemala ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Among the main exporting countries, Ecuador saw the highest growth rate of 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

In 2020, the refined palm oil export price in Latin America and the Caribbean amounted to $X per tonne, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Colombia ($X per tonne), while Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced more modest paces of growth.

Refined Palm Oil Imports

Imports in Latin America and the Caribbean

In 2020, approx. X tonnes of refined palm oil were imported in Latin America and the Caribbean; with an increase of X% against 2019 figures. Total imports indicated prominent growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, refined palm oil imports reached $X in 2020. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Haiti (X tonnes), distantly followed by Colombia (X tonnes), Brazil (X tonnes), El Salvador (X tonnes), Mexico (X tonnes) and Nicaragua (X tonnes) represented the largest importers of refined palm oil, together achieving X% of total imports. Guatemala (X tonnes), Chile (X tonnes), Venezuela (X tonnes), Uruguay (X tonnes) and Panama (X tonnes) occupied a minor share of total imports.

From 2007 to 2020, the biggest increases were in Chile, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X), Colombia ($X) and El Salvador ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Brazil, Mexico, Nicaragua, Uruguay, Guatemala, Chile, Venezuela and Panama, which together accounted for a further X the main importing countries, Venezuela saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the refined palm oil import price in Latin America and the Caribbean amounted to $X per tonne, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Uruguay ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in LatAmerica and the Caribbean?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were Brazil (2.5M tonnes), Mexico (1.5M tonnes) and Argentina (646K tonnes), together accounting for 58% of total consumption. These countries were followed by Colombia, Venezuela, Peru, Cuba, Chile, Ecuador, the Dominican Republic, Guatemala and Haiti, which together accounted for a further 31%.
What are the largest producers of refined palm oil in LatAmerica and the Caribbean?
+
The countries with the highest volumes of refined palm oil production in 2020 were Brazil (2.5M tonnes), Mexico (1.5M tonnes) and Argentina (639K tonnes), together accounting for 59% of total production. Colombia, Venezuela, Peru, Cuba, Chile, Ecuador, Guatemala, the Dominican Republic, Honduras and Costa Rica lagged somewhat behind, together comprising a further 34%.
What are the leading suppliers of refined palm oil in LatAmerica and the Caribbean?
+
In value terms, the largest refined palm oil supplying countries in Latin America and the Caribbean were Ecuador ($64M), Honduras ($59M) and Guatemala ($55M), with a combined 78% share of total exports.
What are the leading importers of refined palm oil in LatAmerica and the Caribbean?
+
In value terms, Haiti ($103M), Colombia ($64M) and El Salvador ($57M) constituted the countries with the highest levels of imports in 2020, with a combined 47% share of total imports. Brazil, Mexico, Nicaragua, Uruguay, Guatemala, Chile, Venezuela and Panama lagged somewhat behind, together accounting for a further 46%.
What is the average export price for refined palm oil in LatAmerica and the Caribbean?
+
The refined palm oil export price in Latin America and the Caribbean stood at $861 per tonne in 2020, increasing by 8.6% against the previous year.
What is the average import price for refined palm oil in LatAmerica and the Caribbean?
+
The refined palm oil import price in Latin America and the Caribbean stood at $780 per tonne in 2020, picking up by 11% 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 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
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• 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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