Asia: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Asia

The revenue of the palm fruit oil market in Asia amounted to $-X in 2017, falling 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). The palm fruit oil consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the palm fruit oil market reached its maximum level in 2017, and is expected to retain its growth in the near future.

Palm Fruit Oil Exports

Exports in Asia

In 2017, the amount of palm fruit oil exported in Asia stood at X tons, shrinking by -X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil exports amounted to $X in 2017. The total exports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Exports by Country

Indonesia represented the key exporter of palm fruit oil in Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X tons), generating X% share of total exports.

Indonesia was also the fastest growing in terms of the palm fruit oil exports, with a CAGR of +X% from 2007 to 2017. 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.

In value terms, the largest palm fruit oil markets worldwide were Indonesia ($X) and Malaysia ($X), together comprising X% of total exports.

Among the main exporting countries, Indonesia (+X% per year) experienced the highest growth rate of exports, over the last decade.

Export Prices by Country

The palm fruit oil export price in Asia stood at $X per ton in 2017, going up by X% against the previous year. The export price indicated a mild increase 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 export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% year-to-year. Over the period under review, the export prices for palm fruit oil attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, the country with the highest export price was Malaysia ($X per ton), while Indonesia ($X per ton) was 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).

Palm Fruit Oil Imports

Imports in Asia

In 2017, the amount of palm fruit oil imported in Asia amounted to X tons, surging by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. In that year, the palm fruit oil imports reached their peak volume of X tons. From 2016 to 2017, growth of the palm fruit oil imports stood at a somewhat lower level.

In value terms, palm fruit oil imports stood at $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the palm fruit oil imports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, India (X tons) was the key importer for palm fruit oil, creating X% of total imports. China (X tons) ranks second in terms of the global imports with a X% share, followed by Pakistan (X%) and Bangladesh (X%). The following importers - Turkey (X tons), Myanmar (X tons), Japan (X tons), Vietnam (X tons), Malaysia (X tons), South Korea (X tons) and Iran (X tons) together made up X% of total imports.

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

In value terms, India ($X), China ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports.

India (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The palm fruit oil import price in Asia stood at $X per ton in 2017, increasing by X% against the previous year. The import price indicated a modest 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 increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% year-to-year. In that year, the import prices for palm fruit oil reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for palm fruit oil stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while China ($X per ton) and Myanmar ($X per ton) were amongst the lowest.

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

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Source: IndexBox Platform