
Sudan - Palm Kernels - Market Analysis, Forecast, Size, Trends and Insights
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Sudan: Palm Kernel Market 2022
Palm Kernel Market Size in Sudan
The Sudanese palm kernel market skyrocketed to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Palm kernel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Palm Kernel Exports
Exports from Sudan
In 2021, after two years of growth, there was significant decline in overseas shipments of palm kernels, when their volume decreased by -X% to X tons. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined notably in the following year.
In value terms, palm kernel exports plummeted to $X in 2021. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.
Exports by Country
Lebanon (X tons) was the main destination for palm kernel exports from Sudan, with a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Lebanon stood at +X%.
In value terms, Lebanon ($X) also remains the key foreign market for palm kernel exports from Sudan.
From 2012 to 2021, the average annual growth rate of value to Lebanon stood at +X%.
Export Prices by Country
In 2021, the average palm kernel export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Lebanon.
From 2012 to 2021, the rate of growth in terms of prices for Lebanon amounted to -X% per year.
Palm Kernel Imports
Imports into Sudan
Palm kernel imports into Sudan soared to X tons in 2021, growing by X% against the year before. In general, imports showed a modest increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.
In value terms, palm kernel imports rose notably to $X in 2021. Over the period under review, imports posted a moderate expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2021, India (X tons) constituted the largest supplier of palm kernel to Sudan, accounting for a X% share of total imports. Moreover, palm kernel imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the United States (+X% per year).
In value terms, the largest palm kernel suppliers to Sudan were the United States ($X), India ($X) and Italy ($X), together comprising X% of total imports.
India, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average palm kernel import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price, however, saw a modest increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the palm kernel market in Sudan. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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