Report South Africa - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 24, 2021

South Africa - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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South Africa: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in South Africa

In 2020, the South African palm kernel oil market was finally on the rise to reach $X after three years of decline. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Palm kernel oil consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from South Africa

In 2020, overseas shipments of palm kernel and babassu oil decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports declined markedly to $X in 2020. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Zimbabwe (X tonnes) was the main destination for palm kernel oil exports from South Africa, with a X% share of total exports. It was followed by Zambia (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Zimbabwe amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (-X% per year) and Botswana (+X% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for palm kernel oil exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Zimbabwe totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+X% per year) and Zambia (-X% per year).

Export Prices by Country

In 2020, the average palm kernel oil export price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Botswana ($X per tonne), while the average price for exports to Zambia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Botswana, while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Oil Imports

Imports into South Africa

In 2020, the amount of palm kernel and babassu oil imported into South Africa totaled X tonnes, approximately mirroring the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2009 to 2020, the growth imports remained at a lower figure.

In value terms, palm kernel oil imports expanded markedly to $X in 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

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

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

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

From 2007 to 2020, the average annual growth rate of value from Indonesia amounted to +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. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked 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 supplying countries. In 2020, the country with the highest price was Malaysia ($X per tonne), while the price for Indonesia totaled $X per tonne.

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

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 (872K tonnes), with a combined 67% share of global consumption.
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. The third position in this ranking was occupied by Thailand (300K tonnes), with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to South Africa?
+
In value terms, Indonesia ($24M) constituted the largest supplier of palm kernel oil to South Africa, comprising 85% of total imports. The second position in the ranking was occupied by Malaysia ($4M), with a 15% share of total imports.
What are the leading importers of palm kernel and babassu oil from South Africa?
+
In value terms, Zimbabwe ($238K) remains the key foreign market for palm kernel oil exports from South Africa, comprising 90% of total exports. The second position in the ranking was occupied by Botswana ($10K), with a 3.8% share of total exports.
What is the average export price for palm kernel and babassu oil in South Africa?
+
In 2020, the average palm kernel oil export price amounted to $1,459 per tonne, growing by 23% against the previous year.
What is the average import price for palm kernel and babassu oil in South Africa?
+
The average palm kernel oil import price stood at $801 per tonne in 2020, rising by 10% 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 South Africa. 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:
• South Africa

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

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 2030
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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