Liberia: Palm Kernel Oil Market 2020

Palm Kernel Oil Market Size in Liberia

The revenue of the palm kernel oil market in Liberia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, palm kernel oil consumption continues to indicate a temperate reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. In that year, the palm kernel oil market attained its peak level of $X. From 2014 to 2018, the growth of the palm kernel oil market remained at a somewhat lower figure.

Palm Kernel Oil Production in Liberia

In value terms, palm kernel oil production totaled $X in 2018 estimated in export prices. In general, palm kernel oil production continues to indicate a drastic decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Liberia palm kernel oil production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Liberia

In 2018, the palm kernel oil exports from Liberia amounted to X tons, approximately reflecting the previous year. Over the period under review, palm kernel oil exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Liberia exports peaked at X tons in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

In value terms, palm kernel oil exports totaled $X in 2018. Over the period under review, palm kernel oil exports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Liberia exports peaked at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Indonesia (X tons) represented the main exporter of palm kernel and babassu oil, making up X% of total exports. It was distantly followed by Malaysia (X tons), mixing up a X% share of total exports. The Netherlands (X tons), Colombia (X tons), Papua New Guinea (X tons), Thailand (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to palm kernel oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%), Colombia (+X%), the Netherlands (+X%), Papua New Guinea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia experienced a relatively flat trend pattern. Indonesia (+X p.p.), the Netherlands (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, palm kernel oil exports increased 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 the Netherlands (+X% per year).

Export Prices by Country

In 2018, the palm kernel oil export price in Liberia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the palm kernel oil export price, however, continues to indicate a deep decrease. The pace of growth appeared the most rapid in 2018 when the export price increased by X% year-to-year. Liberia export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Papua New Guinea ($X per ton), while Thailand ($X per ton) was 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 more modest paces of growth.

Palm Kernel Oil Imports

Imports into Liberia

In 2018, the amount of palm kernel and babassu oil imported into Liberia totaled X kg, going down by -X% against the previous year. Overall, palm kernel oil imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2009 when imports decreased by -X% y-o-y. Over the period under review, palm kernel oil imports attained their maximum at X kg in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, palm kernel oil imports stood at $X in 2018. Overall, palm kernel oil imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2008 when imports decreased by -X% year-to-year. Over the period under review, palm kernel oil imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The imports of the seven major importers of palm kernel and babassu oil, namely China, the U.S., Germany, Malaysia, the Netherlands, Brazil and India, represented more than two-thirds of total import. The Philippines (X tons), Mexico (X tons), Japan (X tons), Turkey (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest palm kernel oil importing markets into Liberia were China ($X), Germany ($X) and the U.S. ($X), together accounting for X% of total imports. Malaysia, Brazil, the Netherlands, India, Mexico, the Philippines, Turkey, Japan, Spain and Liberia lagged somewhat behind, together comprising a further X Philippines experienced the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The palm kernel oil import price in Liberia stood at $X per ton in 2018, stabilizing at the previous year. In general, the palm kernel oil import price continues to indicate a drastic shrinkage. Liberia import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Brazil ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform