Latest Report Update: Jul 19, 2021

World - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Global Refined Palm Oil Market Overview 2021

Refined Palm Oil Market Size

In 2020, after two years of decline, there was significant growth in the global refined palm oil market, when its value increased by X% to $X. The market value 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 pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the global market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Refined Palm Oil Production

In value terms, refined palm oil production declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country

The country with the largest volume of refined palm oil production was Indonesia (X tonnes), accounting for X% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (X tonnes), twofold. China (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Indonesia stood at +X%. In the other countries, the average annual rates were as follows: Malaysia (-X% per year) and China (+X% per year).

Refined Palm Oil Exports

Exports

In 2020, after three years of growth, there was significant decline in overseas shipments of refined palm oil, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, global exports reached the maximum at X tonnes in 2019, and then contracted dramatically in the following year.

In value terms, refined palm oil exports declined sharply to $X in 2020. Overall, total exports indicated modest 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, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, global exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia represented the largest exporter of refined palm oil in the world, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Malaysia (X tonnes) and the Netherlands (X tonnes), together committing a X% share of total exports.

From 2007 to 2020, the biggest increases were in Indonesia, while shipments for the other global leaders experienced a decline in the exports figures.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2020, together accounting for X% of global exports.

In terms of the main exporting countries, Indonesia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

The average refined palm oil export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced mixed trends in the export price figures.

Refined Palm Oil Imports

Imports

In 2020, purchases abroad of refined palm oil decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, total imports indicated tangible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at X tonnes in 2019, and then shrank in the following year.

In value terms, refined palm oil imports rose markedly to $X in 2020. In general, total imports indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Global imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes), distantly followed by Pakistan (X tonnes), Bangladesh (X tonnes) and the U.S. (X tonnes) represented the key importers of refined palm oil, together creating X% of total imports. Russia (X tonnes), Myanmar (X tonnes), Italy (X tonnes), Egypt (X tonnes), Turkey (X tonnes), Japan (X tonnes), Viet Nam (X tonnes), South Korea (X tonnes) and Belgium (X tonnes) occupied a little share of total imports.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil imports into China stood at +X%. At the same time, South Korea (+X%), Italy (+X%), Bangladesh (+X%), Viet Nam (+X%), Myanmar (+X%), Pakistan (+X%), Turkey (+X%), Russia (+X%), the U.S. (+X%), Egypt (+X%), Belgium (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. While the share of Pakistan (+X p.p.) and Bangladesh (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported refined palm oil worldwide, comprising X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average refined palm oil import price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Global import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Egypt ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were China (12M tonnes), the U.S. (6.7M tonnes) and India (5.2M tonnes), together comprising 29% of global consumption. These countries were followed by Pakistan, Japan, Brazil, Russia, Indonesia, Bangladesh, Nigeria, Mexico and Turkey, which together accounted for a further 24%.
What are the largest producers of refined palm oil in the world?
+
Indonesia (14M tonnes) remains the largest refined palm oil producing country worldwide, accounting for 19% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (6.4M tonnes), twofold. The third position in this ranking was occupied by China (5.6M tonnes), with a 7.9% share.
What are the leading suppliers of refined palm oil in the world?
+
In value terms, the largest refined palm oil supplying countries worldwide were Indonesia ($8.1B), Malaysia ($4.3B) and the Netherlands ($840M), together comprising 88% of global exports.
What are the leading importers of refined palm oil in the world?
+
In value terms, China ($4.1B) constitutes the largest market for imported refined palm oil worldwide, comprising 20% of global imports. The second position in the ranking was occupied by Pakistan ($2B), with a 9.4% share of global imports. It was followed by the U.S., with a 5.1% share.
What is the average export price for refined palm oil in the world?
+
In 2020, the average refined palm oil export price amounted to $732 per tonne, rising by 29% against the previous year.
What is the average import price for refined palm oil in the world?
+
In 2020, the average refined palm oil import price amounted to $698 per tonne, rising by 13% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the global refined palm oil market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

Webinar: Global Solid Biofuels Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global solid biofuels market.



Thursday, September 9th, 2021 @ 04:00 pm ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 04:00 pm ET


Register

Webinar: Global Cement Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cement market.



Thursday, September 23rd, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data