South Africa: Palm Fruit Oil Market Overview 2020

Palm Fruit Oil Market Size in South Africa

The revenue of the palm fruit oil market in South Africa amounted to $X in 2017, rising by X% against the previous year. In general, palm fruit oil consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. Over the period under review, the palm fruit oil market reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Production in South Africa

In 2017, palm fruit oil production in South Africa stood at X kg, remaining relatively unchanged against the previous year. In general, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from South Africa

In 2017, palm fruit oil exports from South Africa stood at X tonnes, increasing by X% against the previous year. Overall, palm fruit oil exports continue to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2016, when exports increased by X% year-to-year. South Africa exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, palm fruit oil exports totaled $X in 2017. Overall, palm fruit oil exports continue to indicate an outstanding increase. Over the period under review, the palm fruit oil exports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Palm Fruit Oil Exports by Country from South Africa

Indonesia represented the major exporter of palm fruit oil in the world, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2017. It was distantly followed by Malaysia (X tonnes), mixed up X% share of total exports. The following exporters - the Netherlands (X tonnes), Papua New Guinea (X tonnes) and Guatemala (X tonnes) together made up X% of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2017, together accounting for X% of total exports. These countries were followed by Papua New Guinea, Guatemala and South Africa, which together accounted for a further X%.

South Africa (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in South Africa

In 2017, the palm fruit oil export price in South Africa amounted to $X per tonne, coming up by X% against the previous year. In general, the export price indicated a slight increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the export prices for palm fruit oil reached their peak level of $X per tonne. From 2012 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per tonne) and the Netherlands ($X per tonne), while Guatemala ($X per tonne) and Papua New Guinea ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports into South Africa

In 2017, the amount of palm fruit oil imported into South Africa amounted to X tonnes, rising by X% against the previous year. In general, the total imports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the palm fruit oil imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, palm fruit oil imports totaled $X in 2017. Overall, palm fruit oil imports continue to indicate a remarkable growth. Over the period under review, the palm fruit oil imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Palm Fruit Oil Imports by Country into South Africa

In 2017, India (X tonnes), distantly followed by China (X tonnes), Pakistan (X tonnes) and the Netherlands (X tonnes) were the largest importers of palm fruit oil, together mixed up X% of total imports. Spain (X tonnes), Italy (X tonnes), Ghana (X tonnes), the U.S. (X tonnes), Bangladesh (X tonnes), Germany (X tonnes), Russia (X tonnes) and Myanmar (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest palm fruit oil markets worldwide were India ($X), China ($X) and Pakistan ($X), together accounting for X% of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, South Africa and Ghana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Ghana (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in South Africa

In 2017, the palm fruit oil import price in South Africa amounted to $X per tonne, coming up by X% against the previous year. Overall, palm fruit oil import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. South Africa import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform