Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore - 2023
Contents:
- Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (CIF) - 2022
- Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (FOB) - 2023
- Imports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore
- Exports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore
Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (CIF) - 2022
In 2022, the average import price for oleaginous fruits; palm nuts and kernels, whether or not broken amounted to $1,271 per ton, declining by -1.9% against the previous year. Overall, the import price recorded a slight contraction. The pace of growth was the most pronounced in 2015 an increase of 70% against the previous year. The import price peaked at $2,695 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($2,703 per ton), while the price for India ($1,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (FOB) - 2023
In June 2023, the average export price for oleaginous fruits; palm nuts and kernels, whether or not broken amounted to $1,300 per ton, leveling off at the previous month. Over the period under review, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 36% against the previous month. Over the period under review, the average export prices hit record highs at $4,508 per ton in February 2023; however, from March 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From June 2022 to June 2023, the rate of growth in terms of prices for Indonesia amounted to +0.2% per month.
Imports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore
In 2022, approx. 1.5K tons of oleaginous fruits; palm nuts and kernels, whether or not broken were imported into Singapore; remaining constant against the previous year. Overall, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 62%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of oleaginous fruits; palm nuts and kernels, whether or not broken shrank modestly to $1.9M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 64%.
| Import of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 313 | 913 | 1,650 | 1,619 | 72.9% |
| Papua New Guinea | 236 | 172 | 154 | 140 | -16.0% |
| Malaysia | 66.7 | 59.8 | 53.8 | 64.7 | -1.0% |
| Others | 99.2 | 24.7 | 9.1 | 29.6 | -33.2% |
| Total | 715 | 1,169 | 1,866 | 1,853 | 37.4% |
Top Suppliers of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken to Singapore in 2022:
- India (1312.2 tons)
- Papua New Guinea (102.5 tons)
- Malaysia (23.9 tons)
Exports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of oleaginous fruits; palm nuts and kernels, whether or not broken, when their volume decreased by -5.4% to 1.2K tons. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year.
In value terms, exports of oleaginous fruits; palm nuts and kernels, whether or not broken expanded to $1.8M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.4 | 0.9 | 1.6 | 1.7 | 62.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Total | 0.6 | 1.2 | 1.8 | 1.8 | 44.2% |
Top Export Markets for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken from Singapore in 2022:
- Indonesia (1193.5 tons)
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