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World - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Palm Kernel Oil Market 2024
Palm Kernel Oil Market Size
The global palm kernel oil market reduced to $X in 2023, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible descent. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the global market remained at a lower figure.
Palm Kernel Oil Production
In value terms, palm kernel oil production contracted sharply to $X in 2023 estimated in export price. Over the period under review, production enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.
Palm Kernel Oil Exports
Exports
In 2023, overseas shipments of palm kernel and babassu oil decreased by less than X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.
In value terms, palm kernel oil exports reduced rapidly to $X in 2023. In general, total exports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2022, and then shrank rapidly in the following year.
Exports by Country
Indonesia represented the main exporter of palm kernel and babassu oil in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X tons), comprising a X% share of total exports. The following exporters - Thailand (X tons), Colombia (X tons), Guatemala (X tons), Papua New Guinea (X tons) and the Netherlands (X tons) - together made up X% of total exports.
Indonesia experienced a relatively flat trend pattern with regard to volume of exports of palm kernel and babassu oil. At the same time, Guatemala (X%), Colombia (X%), Thailand (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The Netherlands and Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Guatemala and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Indonesia ($X) remains the largest palm kernel oil supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.
In Indonesia, palm kernel oil exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Papua New Guinea (X% per year).
Export Prices by Country
The average palm kernel oil export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. The global export price peaked at $X per ton in 2022, and then fell rapidly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Thailand ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other global leaders experienced more modest paces of growth.
Palm Kernel Oil Imports
Imports
In 2023, the amount of palm kernel and babassu oil imported worldwide stood at X tons, picking up by X% on 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Global imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, palm kernel oil imports reduced notably to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then fell dramatically in the following year.
Imports by Country
In 2023, China (X tons), distantly followed by the United States (X tons), Germany (X tons), Brazil (X tons), Malaysia (X tons) and the Netherlands (X tons) were the key importers of palm kernel and babassu oil, together achieving X% of total imports. The following importers - India (X tons), Spain (X tons), Russia (X tons), Japan (X tons), Turkey (X tons) and Belgium (X tons) - together made up X% of total imports.
Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Belgium (X%), Russia (X%), the United States (X%), Brazil (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%), Turkey (X%), India (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United States (X p.p.) and Brazil (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of India (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest palm kernel oil importing markets worldwide were China ($X), the United States ($X) and Germany ($X), with a combined X% share of global imports. Brazil, the Netherlands, Malaysia, Russia, India, Spain, Belgium, Japan and Turkey lagged somewhat behind, together accounting for a further X%.
Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average palm kernel oil import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell sharply in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global palm kernel 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 2030.
Product coverage:
- FCL 258 - Oil of Palm Kernel
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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