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U.S. - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sep 7, 2022

Palm Kernel Oil Price per Ton June 2022

U.S. Palm Kernel Oil Import Price per Ton June 2022

In June 2022, the palm kernel oil price per ton stood at $2,746 (CIF, US), increasing by 8.2% against the previous month. In general, import price indicated a buoyant increase from January 2022 to June 2022: its price increased at an average monthly rate of +9.5% over the last five-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, palm kernel oil import price increased by +57.3% against January 2022 indices. The most prominent rate of growth was recorded in March 2022 an increase of 25% m-o-m. The import price peaked in June 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($3,801 per ton), while the price for Colombia ($1,658 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Palm Kernel Oil Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($3,008 per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified totaled $1,655 per ton.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (+11.5%).

U.S. Palm Kernel Oil Imports

In June 2022, the amount of palm kernel and babassu oil imported into the United States declined remarkably to 15K tons, dropping by -41.7% against the previous month's figure. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in April 2022 with an increase of 41% against the previous month. As a result, imports attained the peak of 30K tons. From May 2022 to June 2022, the growth of imports failed to regain momentum.

In value terms, palm kernel oil imports declined notably to $42M (IndexBox estimates) in June 2022. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in April 2022 when imports increased by 34% month-to-month. Over the period under review, imports hit record highs at $67M in May 2022, and then shrank markedly in the following month.

U.S. Palm Kernel Oil Imports by Type

In June 2022, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (12K tons) constituted the largest type of palm kernel oil supplied to the United States, with a 81% share of total imports. Moreover, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (3K tons), fourfold.

From January 2022 to June 2022, the average monthly growth rate of the volume of import of vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified totaled -15.4%.

In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($37M) constituted the largest type of palm kernel oil supplied to the United States, comprising 88% of total imports. The second position in the ranking was taken by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($4.9M), with a 12% share of total imports.

U.S. Palm Kernel Oil Imports by Country

In June 2022, Indonesia (14K tons) constituted the largest supplier of palm kernel oil to the United States, with a 89% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (1.1K tons), more than tenfold.

From January 2022 to June 2022, the average monthly rate of growth in terms of volume from Indonesia totaled -9.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-27.4% per month) and Colombia (+39.2% per month).

In value terms, Indonesia ($37M) constituted the largest supplier of palm kernel oil to the United States, comprising 88% of total imports. The second position in the ranking was held by Malaysia ($4.2M), with a 10% share of total imports.

From January 2022 to June 2022, the average monthly rate of growth in terms of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-18.2% per month) and Colombia (+29.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the palm kernel oil market in the U.S.. 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:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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