Report U.S. - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 3, 2022

U.S. - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Palm Kernel Oil Market 2022

Palm Kernel Oil Market Size in the U.S.

In 2020, the U.S. palm kernel oil market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. In general, the total consumption indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Palm kernel oil consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Palm Kernel Oil Exports

Exports from the U.S.

In 2020, the amount of palm kernel and babassu oil exported from the United States contracted markedly to X tonnes, shrinking by -X% compared with the previous year. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2019, and then fell sharply in the following year.

In value terms, palm kernel oil exports shrank significantly to $X in 2020. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then contracted markedly in the following year.

Exports by Country

Canada (X tonnes) was the main destination for palm kernel oil exports from the United States, with a X% share of total exports. Moreover, palm kernel oil exports to Canada exceeded the volume sent to the second major destination, Brazil (X tonnes), fivefold.

From 2007 to 2020, the average annual growth rate of volume to Canada stood at +X%.

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

From 2007 to 2020, the average annual growth rate of value to Canada stood at +X%.

Export Prices by Country

The average palm kernel oil export price stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2020, the country with the highest price was Canada ($X per tonne), while the average price for exports to Brazil totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Palm Kernel Oil Imports

Imports into the U.S.

In 2020, supplies from abroad of palm kernel and babassu oil increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, palm kernel oil imports expanded rapidly to $X in 2020. Over the period under review, imports continue to indicate a moderate increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Indonesia (X tonnes) constituted the largest supplier of palm kernel oil to the United States, accounting for 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), threefold.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value from Indonesia stood at +X%.

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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 amounted to $X per tonne.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

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, Malaysia and China, with a combined 66% share of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia remains the largest palm kernel oil producing country worldwide, comprising approx. 57% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to the U.S.?
+
In value terms, Indonesia constituted the largest supplier of palm kernel oil to the United States, comprising 72% of total imports. The second position in the ranking was occupied by Malaysia, with a 27% share of total imports.
What are the leading importers of palm kernel and babassu oil from the U.S.?
+
In value terms, Canada remains the key foreign market for palm kernel oil exports from the United States, comprising 87% of total exports. The second position in the ranking was occupied by Brazil, with a 13% share of total exports.
What is the average export price for palm kernel and babassu oil in the U.S.?
+
The average palm kernel oil export price stood at $1,295 per tonne in 2020, growing by 11% against the previous year.
What is the average import price for palm kernel and babassu oil in the U.S.?
+
In 2020, the average palm kernel oil import price amounted to $843 per tonne, which is down by -2.7% against the previous year.

This report provides an in-depth analysis of the palm kernel oil market in the U.S.. 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.


Product coverage:
• FCL 258 - Oil of Palm Kernel
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
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, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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