United Arab Emirates: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in the United Arab Emirates

The palm kernel oil market in the United Arab Emirates dropped to $X in 2019, waning by -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 recorded a strong expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Palm Kernel Oil Exports

Exports from the United Arab Emirates

Palm kernel oil exports from the United Arab Emirates surged to X tonnes in 2019, rising by X% compared with the previous year's figure. Over the period under review, exports showed temperate growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, palm kernel oil exports soared to $X in 2019. In general, exports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for palm kernel oil exports from the United Arab Emirates, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Saudi Arabia stood at +X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for palm kernel oil exports from the United Arab Emirates.

From 2007 to 2019, the average annual rate of growth in terms of value to Saudi Arabia amounted to +X%.

Export Prices by Country

In 2019, the average palm kernel oil export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2007 to 2019, the rate of growth in terms of prices for Saudi Arabia amounted to +X% per year.

Palm Kernel Oil Imports

Imports into the United Arab Emirates

In 2019, supplies from abroad of palm kernel and babassu oil increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, palm kernel oil imports declined remarkably to $X in 2019. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of palm kernel oil to the United Arab Emirates, with a X% share of total imports. Moreover, palm kernel oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Benin (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (X% per year) and Indonesia (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Benin (X% per year).

Import Prices by Country

In 2019, the average palm kernel oil import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI 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 2019 were Indonesia (2.8M tonnes), Malaysia (1.9M tonnes) and China (802K tonnes), with a combined 66% share of global consumption.

What are the largest producers of palm kernel and babassu oil in the world?

+

Indonesia (4.7M tonnes) remains the largest palm kernel oil producing country worldwide, comprising approx. 56% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.3M tonnes), twofold. Thailand (276K tonnes) ranked third in terms of total production with a 3.3% share.

What are the leading suppliers of palm kernel and babassu oil to the United Arab Emirates?

+

In value terms, Malaysia ($7.5M) constituted the largest supplier of palm kernel oil to the United Arab Emirates, comprising 93% of total imports. The second position in the ranking was occupied by Indonesia ($300K), with a 3.7% share of total imports.

What are the leading importers of palm kernel and babassu oil from the United Arab Emirates?

+

In value terms, Saudi Arabia ($1.4M) remains the key foreign market for palm kernel oil exports from the United Arab Emirates.

What is the average export price for palm kernel and babassu oil in the United Arab Emirates?

+

The average palm kernel oil export price stood at $1,089 per tonne in 2019, reducing by -19.8% against the previous year.

What is the average import price for palm kernel and babassu oil in the United Arab Emirates?

+

The average palm kernel oil import price stood at $751 per tonne in 2019, falling by -27.7% against the previous year.