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Discover the top import markets for refined palm oil in 2023, including key statistics and major players in the global market.
Imports of Refined Palm Oil reached a peak of 3.1M tons in 2019 but have since decreased, with imports remaining at a lower figure from 2020 to 2023. In terms of value, refined palm oil imports notably decreased to $2.1B in 2023.
Imports of Refined Palm Oil reached a pinnacle of 1 million tons before decreasing sharply in the subsequent year. The value of these imports visibly declined to $797 million in 2023.
In the period between October 2023 and January 2024, the growth of imports for Refined Palm Oil stayed relatively flat, with imports decreasing to $48M in January 2024.
The growth rate reached its peak in August 2023 with a 36% month-to-month increase in imports. In terms of value, imports of Refined Palm Oil decreased to $106M in September 2023.
In August 2023, the growth of the refined palm oil industry reached its peak with a remarkable 36% increase compared to the previous month. However, in September 2023, the value of refined palm oil imports declined to $106M.
In July 2023, the imports of Refined Palm Oil experienced a slight expansion, with a value of $70M.
In terms of value, the imports of Refined Palm Oil saw a slight decline to $38M in July 2023.
Imports of Refined Palm Oil experienced a significant decline in June 2023, reaching a value of $104M.
The price of Refined Palm Oil in April 2023 reached $1,337 per ton (CIF, Spain), representing a 17% increase compared to the previous month.
In April 2023, the refined palm oil price amounted to $1,306 per ton (FOB, Thailand), increasing by 1.5% against the previous month.
The price of refined palm oil in February 2023 was $975 CIF China per ton – an increase of 2.1% from the previous month.