China - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in China - 2023
Contents:
- Palm Kernel Oil Price in China (CIF) - 2023
- Palm Kernel Oil Price in China (FOB) - 2022
- Palm Kernel Oil Imports in China
- Palm Kernel Oil Exports in China
Palm Kernel Oil Price in China (CIF) - 2023
The average palm kernel oil import price stood at $920 per ton in September 2023, stabilizing at the previous month. In general, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 2.3% month-to-month. The import price peaked at $1,281 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($925 per ton), while the price for Indonesia stood at $919 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-1.9%).
Palm Kernel Oil Price in China (FOB) - 2022
The average palm kernel oil export price stood at $1,665 per ton in 2022, which is down by -28.3% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,134%. Over the period under review, the average export prices hit record highs at $2,323 per ton in 2021, and then contracted remarkably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($2,447 per ton), while the average price for exports to Germany ($773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+119.1%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Kernel Oil Imports in China
In 2022, palm kernel oil imports into China contracted to 537K tons, reducing by -14.6% on 2021 figures. Over the period under review, imports faced a abrupt curtailment.
In value terms, palm kernel oil imports dropped to $851M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports attained the peak of $853M, leveling off in the following year.
Import of Palm Kernel Oil in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 531 | 424 | 627 | 560 | 1.8% |
Malaysia | 109 | 154 | 214 | 286 | 37.9% |
Others | 1.7 | 0.5 | 12.9 | 5.1 | 44.2% |
Total | 642 | 578 | 853 | 851 | 9.8% |
Top Suppliers of Palm Kernel Oil to China in 2022:
- Indonesia (381.0K tons)
- Malaysia (152.0K tons)
Palm Kernel Oil Exports in China
In 2022, overseas shipments of palm kernel and babassu oil were finally on the rise to reach 149 tons after two years of decline. Overall, exports, however, showed a abrupt descent.
In value terms, palm kernel oil exports totaled $249K in 2022. In general, exports, however, showed a relatively flat trend pattern.
Export of Palm Kernel Oil in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | N/A | N/A | 89.0 | 0% |
Germany | 67.2 | N/A | N/A | 15.5 | -38.7% |
Tanzania | N/A | N/A | 1.4 | 8.8 | 528.6% |
Canada | 1.2 | N/A | N/A | 2.0 | 18.6% |
Ecuador | N/A | N/A | 12.1 | N/A | 0% |
Zambia | N/A | 16.3 | N/A | N/A | 0% |
Togo | 98.3 | N/A | N/A | N/A | 0% |
United States | 14.5 | N/A | N/A | N/A | 0% |
Cambodia | N/A | 64.7 | N/A | N/A | 0% |
South Africa | 40.8 | 107 | N/A | N/A | 162.3% |
Pakistan | N/A | N/A | 2.0 | N/A | 0% |
Others | 29.4 | 45.7 | 225 | 133 | 65.4% |
Total | 251 | 233 | 240 | 249 | -0.3% |
Top Export Markets for Palm Kernel Oil from China in 2022:
- United Kingdom (81.9 tons)
- Germany (20.1 tons)
- Tanzania (3.6 tons)
- Canada (2.3 tons)
This report provides an in-depth analysis of the palm kernel oil market in China. 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 2030.
Product coverage:
- FCL 258 - Oil of Palm Kernel
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the palm kernel oil market in China.
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This report provides an in-depth analysis of the global palm kernel oil market.
This report provides an in-depth analysis of the global crude coconut oil market.
This report provides an in-depth analysis of the global coconut oil market.
This report provides an in-depth analysis of the global refined coconut oil market.
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The growth pace for Palm Kernel Oil was the most rapid in August 2023, with imports increasing by 174% compared to the previous month. In value terms, Palm Kernel Oil imports contracted significantly to $65M in December 2023.
This guide outlines the key steps to successfully penetrate the Chinese palm kernel oil market, including research, relationship-building with authorities, trade shows, competitor analysis, differentiation strategy, distribution channels, and localization. Utilize official data sources and the IndexBox market intelligence platform.
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Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.