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

Refined Palm Oil Market Size in Northern America

In 2020, the North American refined palm oil market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The level of consumption peaked at $X in 2019, and then reduced slightly in the following year.

Refined Palm Oil Production in Northern America

In value terms, refined palm oil production stood at $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; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Northern America

The country with the largest volume of refined palm oil production was the U.S. (X tonnes), comprising approx. X% of total volume. Moreover, refined palm oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), sixfold.

From 2007 to 2020, the average annual growth rate of volume in the U.S. was relatively modest.

Refined Palm Oil Exports

Exports in Northern America

After two years of decline, shipments abroad of refined palm oil increased by X% to X tonnes in 2020. Over the period under review, exports showed a temperate expansion. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, refined palm oil exports rose remarkably to $X in 2020. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. 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

The U.S. dominates refined palm oil exports structure, finishing at X tonnes, which was approx. X% of total exports in 2020. Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil exports from the U.S. stood at +X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) remains the largest refined palm oil supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., refined palm oil exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the refined palm oil export price in Northern America amounted to $X per tonne, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. 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 2013; afterwards, it flattened through to 2020.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. stood at $X per tonne.

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

Refined Palm Oil Imports

Imports in Northern America

In 2020, after four years of growth, there was significant decline in supplies from abroad of refined palm oil, when their volume decreased by -X% to X tonnes. Total imports indicated a pronounced expansion 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. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2019, and then reduced in the following year.

In value terms, refined palm oil imports reached $X in 2020. Total imports indicated a resilient expansion 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. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid 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 stood at a somewhat lower figure.

Imports by Country

The U.S. dominates refined palm oil imports structure, finishing at X tonnes, which was near X% of total imports in 2020. It was distantly followed by Canada (X tonnes), achieving a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil imports into the U.S. stood at +X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. While the share of Canada (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) constitutes the largest market for imported refined palm oil in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in the U.S. amounted to +X%.

Import Prices by Country

The refined palm oil import price in Northern America stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price saw 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 hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in Northern America?
+
The U.S. (6.7M tonnes) constituted the country with the largest volume of refined palm oil consumption, accounting for 87% of total volume. Moreover, refined palm oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (1M tonnes), sixfold.
What are the largest producers of refined palm oil in Northern America?
+
The U.S. (5.3M tonnes) remains the largest refined palm oil producing country in Northern America, comprising approx. 85% of total volume. Moreover, refined palm oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (933K tonnes), sixfold.
What are the leading suppliers of refined palm oil in Northern America?
+
In value terms, the U.S. ($94M) remains the largest refined palm oil supplier in Northern America, comprising 96% of total exports. The second position in the ranking was occupied by Canada ($3.5M), with a 3.6% share of total exports.
What are the leading importers of refined palm oil in Northern America?
+
In value terms, the U.S. ($1.1B) constitutes the largest market for imported refined palm oil in Northern America, comprising 91% of total imports. The second position in the ranking was occupied by Canada ($100M), with a 8.5% share of total imports.
What is the average export price for refined palm oil in Northern America?
+
In 2020, the refined palm oil export price in Northern America amounted to $1,190 per tonne, increasing by 3.8% against the previous year.
What is the average import price for refined palm oil in Northern America?
+
The refined palm oil import price in Northern America stood at $780 per tonne in 2020, jumping by 17% 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 Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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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