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Saudi Arabia - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Saudi Arabia

In 2019, the Saudi crude palm oil market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Crude palm oil consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Crude Palm Oil Exports

Exports from Saudi Arabia

In 2019, the amount of crude palm oil exported from Saudi Arabia totaled X tonnes, approximately mirroring the year before. Over the period under review, exports showed a relatively flat trend pattern. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, crude palm oil exports totaled $X in 2019. In general, exports saw a relatively flat trend pattern. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tonnes), Qatar (X tonnes) and Jordan (X tonnes) were the main destinations of crude palm oil exports from Saudi Arabia.

From 2007 to 2019, the biggest increases were in the United Arab Emirates, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Jordan ($X) were the largest markets for crude palm oil exported from Saudi Arabia worldwide.

In terms of the main countries of destination, the United Arab Emirates saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average crude palm oil export price amounted to $X per tonne, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked in 2019 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Crude Palm Oil Imports

Imports into Saudi Arabia

In 2019, overseas purchases of crude palm oil increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in years to come.

In value terms, crude palm oil imports reached $X in 2019. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes) and Indonesia (X tonnes) were the main suppliers of crude palm oil imports to Saudi Arabia, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Malaysia.

In value terms, Malaysia ($X) and Indonesia ($X) constituted the largest crude palm oil suppliers to Saudi Arabia, together accounting for X% of total imports.

In terms of the main suppliers, Malaysia recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average crude palm oil import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the import price saw a slight decline. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Indonesia ($X per tonne), while the price for Malaysia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?
+
Indonesia (36M tonnes) remains the largest crude palm oil consuming country worldwide, comprising approx. 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. The third position in this ranking was occupied by India (6.6M tonnes), with a 8.5% share.
What are the largest producers of crude palm oil in the world?
+
Indonesia (44M tonnes) remains the largest crude palm oil producing country worldwide, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.
What are the leading suppliers of crude palm oil to Saudi Arabia?
+
In value terms, Malaysia ($139M) and Indonesia ($87M) were the largest crude palm oil suppliers to Saudi Arabia, with a combined 100% share of total imports.
What are the leading importers of crude palm oil from Saudi Arabia?
+
In value terms, the largest markets for crude palm oil exported from Saudi Arabia were the United Arab Emirates ($161K), Qatar ($85K) and Jordan ($5.5K).
What is the average export price for crude palm oil in Saudi Arabia?
+
In 2019, the average crude palm oil export price amounted to $2,323 per tonne, approximately mirroring the previous year.
What is the average import price for crude palm oil in Saudi Arabia?
+
In 2019, the average crude palm oil import price amounted to $585 per tonne, waning by -13.4% against the previous year.

Product coverage:
• FCL 257 - Oil of palm

This report provides an in-depth analysis of the crude palm oil market in Saudi Arabia. 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:
• Saudi Arabia

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