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Mexico - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Mexico

In 2020, the Mexican palm kernel oil market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Palm kernel oil consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Oil Production in Mexico

In value terms, palm kernel oil production soared to $X in 2020 estimated in export prices. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Palm kernel oil production peaked in 2020 and is expected to retain growth in the near future.

Palm Kernel Oil Exports

Exports from Mexico

In 2020, the amount of palm kernel and babassu oil exported from Mexico declined dramatically to X tonnes, which is down by -X% against the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. from 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, palm kernel oil exports dropped dramatically to $X in 2020. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Guatemala (X tonnes) was the main destination for palm kernel oil exports from Mexico, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Guatemala amounted to +X%.

In value terms, Guatemala ($X) also remains the key foreign market for palm kernel oil exports from Mexico.

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

Export Prices by Country

In 2020, the average palm kernel oil export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2007 to 2020, the rate of growth in terms of prices for Guatemala amounted to +X% per year.

Palm Kernel Oil Imports

Imports into Mexico

In 2020, purchases abroad of palm kernel and babassu oil decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Overall, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, palm kernel oil imports declined rapidly to $X in 2020. In general, imports faced a significant contraction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Costa Rica (X tonnes) constituted the largest supplier of palm kernel oil to Mexico, with a X% share of total imports. Moreover, palm kernel oil imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Panama (X tonnes), sixfold.

From 2007 to 2020, the average annual growth rate of volume from Costa Rica totaled -X%.

In value terms, Costa Rica ($X) constituted the largest supplier of palm kernel oil to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Costa Rica totaled -X%.

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Costa Rica ($X per tonne), while the price for Panama amounted to $X per tonne.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?
+
The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (770K tonnes), together accounting for 66% of global consumption. The U.S., Germany, Brazil, Thailand, the Netherlands and Nigeria lagged somewhat behind, together comprising a further 17%.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia (5.1M tonnes) constituted the country with the largest volume of palm kernel oil production, accounting for 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. Thailand (300K tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to Mexico?
+
In value terms, Costa Rica ($2.1M) constituted the largest supplier of palm kernel oil to Mexico, comprising 87% of total imports. The second position in the ranking was occupied by Panama ($323K), with a 13% share of total imports.
What are the leading importers of palm kernel and babassu oil from Mexico?
+
In value terms, Guatemala ($92K) remains the key foreign market for palm kernel oil exports from Mexico.
What is the average export price for palm kernel and babassu oil in Mexico?
+
The average palm kernel oil export price stood at $2,514 per tonne in 2020, rising by 58% against the previous year.
What is the average import price for palm kernel and babassu oil in Mexico?
+
The average palm kernel oil import price stood at $887 per tonne in 2020, increasing by 20% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

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

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