SADC: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in SADC

In 2022, the SADC crude palm oil market increased by X% to $X, rising for the seventh year in a row after two years of decline. In general, consumption saw strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Crude Palm Oil Production in SADC

In value terms, crude palm oil production shrank notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crude Palm Oil Exports

Exports in SADC

Crude palm oil exports shrank significantly to X tons in 2022, reducing by X% on the year before. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude palm oil exports dropped remarkably to $X in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) and Democratic Republic of the Congo (X tons) represented roughly X% of total exports in 2022. Madagascar (X tons) took the next position in the ranking, followed by Zambia (X tons). All these countries together held near X% share of total exports. The following exporters - Mozambique (X tons), Tanzania (X tons) and Angola (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest crude palm oil supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Madagascar ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Madagascar (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced more modest paces of growth.

Crude Palm Oil Imports

Imports in SADC

In 2022, the amount of crude palm oil imported in SADC surged to X tons, growing by X% on 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, crude palm oil imports surged to $X in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Mozambique (X tons) represented the largest importer of crude palm oil, achieving X% of total imports. Madagascar (X tons) held the second position in the ranking, followed by Tanzania (X tons) and Zambia (X tons). All these countries together took near X% share of total imports. Democratic Republic of the Congo (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to crude palm oil imports into Mozambique stood at X%. At the same time, Tanzania (X%), Zambia (X%), Madagascar (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Tanzania (X p.p.), Zambia (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crude palm oil importing markets in SADC were Mozambique ($X), Madagascar ($X) and Zambia ($X), with a combined X% share of total imports.

Zambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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