Vietnam: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Vietnam

The revenue of the palm fruit oil market in Vietnam amounted to $X in 2017, coming down by -X% against the previous year. Overall, palm fruit oil consumption continues to indicate a temperate increase. The growth pace was the most rapid in 2011, when market value increased by X% y-o-y. Vietnam palm fruit oil consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Palm Fruit Oil Production in Vietnam

In 2017, the amount of palm fruit oil produced in Vietnam amounted to X kg, approximately equating the previous year. In general, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Vietnam

In 2017, approx. X tons of palm fruit oil were exported from Vietnam; picking up by X% against the previous year. Overall, palm fruit oil exports continue to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2011, when it surged by X% y-o-y. Vietnam exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, palm fruit oil exports amounted to $X in 2017. In general, palm fruit oil exports continue to indicate an outstanding growth. Over the period under review, the palm fruit oil exports attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Palm Fruit Oil Exports by Country from Vietnam

Indonesia represented the key exporter of palm fruit oil in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X tons), making up X% share of total exports. The following exporters - the Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Malaysia (X%) significantly strengthened its position in terms of the global exports, while Indonesia saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. These countries were followed by Papua New Guinea, Guatemala and Vietnam, which together accounted for a further X%.

Vietnam (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in Vietnam

In 2017, the palm fruit oil export price in Vietnam amounted to $X per ton, leveling off at the previous year. In general, palm fruit oil export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, an increase of X% against the previous year. In that year, the export prices for palm fruit oil reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for palm fruit oil stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports into Vietnam

In 2017, palm fruit oil imports into Vietnam totaled X tons, approximately equating the previous year. In general, palm fruit oil imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. Vietnam imports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, palm fruit oil imports amounted to $X in 2017. In general, the total imports indicated a strong increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil imports increased by +X% against 2015 indices. Over the period under review, the palm fruit oil imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Palm Fruit Oil Imports by Country into Vietnam

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the major importers of palm fruit oil, together achieving X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), the U.S. (X tons), Bangladesh (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest palm fruit oil markets worldwide were India ($X), China ($X) and Pakistan ($X), together comprising X% of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Vietnam and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Ghana (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Vietnam

The palm fruit oil import price in Vietnam stood at $X per ton in 2017, coming up by X% against the previous year. Overall, the import price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil import price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2008, when the import prices increased by X% year-to-year. Vietnam import price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform