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

Refined Palm Oil Market Size in Malaysia

After two years of decline, the Malaysian refined palm oil market increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Refined Palm Oil Production in Malaysia

In value terms, refined palm oil production declined significantly to $X in 2020 estimated in export prices. Overall, production saw a pronounced downturn. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Refined palm oil production peaked at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Refined Palm Oil Exports

Exports from Malaysia

After two years of growth, overseas shipments of refined palm oil decreased by -X% to X tonnes in 2020. Over the period under review, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, refined palm oil exports dropped sharply to $X in 2020. Overall, exports continue to indicate a pronounced setback. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, China ($X) remains the key foreign market for refined palm oil exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Pakistan (-X% per year).

Export Prices by Country

In 2020, the average refined palm oil export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were the U.S. ($X per tonne) and Saudi Arabia ($X per tonne), while the average price for exports to Nigeria ($X per tonne) and Iran ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Refined Palm Oil Imports

Imports into Malaysia

In 2020, the amount of refined palm oil imported into Malaysia amounted to X tonnes, growing by X% against 2019. In general, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, refined palm oil imports totaled $X in 2020. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Indonesia (X tonnes) constituted the largest supplier of refined palm oil to Malaysia, accounting for a X% share of total imports. Moreover, refined palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Niger (X tonnes), more than tenfold. The third position in this ranking was occupied by Singapore (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (+X% per year) and Singapore (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (+X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2020, the average refined palm oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Niger, while the prices for the other major suppliers experienced a decline.

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. Pakistan, Japan, Brazil, Russia, Indonesia, Bangladesh, Nigeria, Mexico and Turkey lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of refined palm oil in the world?
+
The country with the largest volume of refined palm oil production was Indonesia (13M tonnes), comprising approx. 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 Malaysia?
+
In value terms, Indonesia ($83M) constituted the largest supplier of refined palm oil to Malaysia, comprising 89% of total imports. The second position in the ranking was occupied by Niger ($4.6M), with a 4.9% share of total imports. It was followed by Singapore, with a 3.9% share.
What are the leading importers of refined palm oil from Malaysia?
+
In value terms, China ($814M) remains the key foreign market for refined palm oil exports from Malaysia, comprising 22% of total exports. The second position in the ranking was occupied by the Philippines ($198M), with a 5.4% share of total exports. It was followed by Pakistan, with a 5.3% share.
What is the average export price for refined palm oil in Malaysia?
+
In 2020, the average refined palm oil export price amounted to $700 per tonne, increasing by 24% against the previous year.
What is the average import price for refined palm oil in Malaysia?
+
In 2020, the average refined palm oil import price amounted to $563 per tonne, waning by -2.6% 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 Malaysia. 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:
• Malaysia

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