South Africa: Palm Kernel Market Overview 2021

Palm Kernel Market Size in South Africa

The South African palm kernel market totaled $X in 2018, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2018 and is expected to retain growth in the near future.

Palm Kernel Production in South Africa

In value terms, palm kernel production totaled $X in 2019 estimated in export prices. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2008 when the production volume increased by X% against the previous year. Palm kernel production peaked at $X in 2010; however, from 2011 to 2019, production stood at a somewhat lower figure.

In 2019, the average palm kernel yield in South Africa was estimated at X kg per ha, therefore, remained relatively stable against the year before. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of palm kernels production in South Africa was estimated at X ha, remaining stable against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Palm Kernel Exports

Exports from South Africa

After two years of decline, shipments abroad of palm kernels increased by X% to X tonnes in 2019. Over the period under review, exports showed a measured expansion. Exports peaked at X tonnes in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

In value terms, palm kernel exports surged to $X in 2019. In general, exports recorded a strong increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana (X tonnes), Namibia (X tonnes) and Germany (X tonnes) were the main destinations of palm kernel exports from South Africa, together accounting for X% of total exports.

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

In value terms, Botswana ($X), Namibia ($X) and the Netherlands ($X) appeared to be the largest markets for palm kernel exported from South Africa worldwide, together accounting for X% of total exports. These countries were followed by Germany and Swaziland, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 palm kernel export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Botswana ($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 Swaziland, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Imports

Imports into South Africa

In 2019, imports of palm kernels into South Africa shrank remarkably to X tonnes, waning by -X% on the year before. In general, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, palm kernel imports fell to $X in 2019. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Tanzania (X tonnes) constituted the largest palm kernel supplier to South Africa, with a X% share of total imports. Moreover, palm kernel imports from Tanzania exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), fivefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Tanzania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and India (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of palm kernel to South Africa, comprising X% of total imports. The second position in the ranking was occupied by Tanzania ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+X% per year) and New Zealand (+X% per year).

Import Prices by Country

In 2019, the average palm kernel import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?

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The countries with the highest volumes of palm kernel consumption in 2019 were India (8.1K tonnes), the U.S. (5.2K tonnes) and Spain (4.8K tonnes), together accounting for 38% of global consumption. These countries were followed by Viet Nam, Germany, Turkey, Egypt, the Netherlands, Saudi Arabia, Japan, South Korea, New Zealand and Taiwan (Chinese), which together accounted for a further 27%.

What are the largest producers of palm kernels in the world?

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The countries with the highest volumes of palm kernel production in 2019 were India (10K tonnes), the U.S. (5.5K tonnes) and Thailand (4.8K tonnes), together accounting for 52% of global production. These countries were followed by Austria, Egypt, New Zealand, Chile, Denmark, Peru, Myanmar, Indonesia, China and Afghanistan, which together accounted for a further 33%.

What are the leading suppliers of palm kernels to South Africa?

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In value terms, the U.S. ($828K) constituted the largest supplier of palm kernel to South Africa, comprising 31% of total imports. The second position in the ranking was occupied by Tanzania ($231K), with a 8.6% share of total imports. It was followed by New Zealand, with a 6.6% share.

What are the leading importers of palm kernels from South Africa?

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In value terms, the largest markets for palm kernel exported from South Africa were Botswana ($2.7M), Namibia ($2.6M) and the Netherlands ($2.3M), together comprising 51% of total exports. Germany and Swaziland lagged somewhat behind, together comprising a further 7.5%.

What is the average export price for palm kernels in South Africa?

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In 2019, the average palm kernel export price amounted to $13,691 per tonne, growing by 15% against the previous year.

What is the average import price for palm kernels in South Africa?

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The average palm kernel import price stood at $7,285 per tonne in 2019, growing by 45% against the previous year.