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Heavy rains are projected to decrease Malaysia's palm oil production by 20% in December, impacting global supply and market dynamics.
During the period analyzed, imports of Crude Palm Oil reached a peak at 16K tons in 2022, but experienced a sharp decline in the subsequent year. In terms of value, the imports of Crude Palm Oil notably decreased to $8.4M in 2023.
Imports of Crude Palm Oil peaked at 7.4M tons in 2015, but remained at lower figures from 2016 to 2023. In terms of value, imports dropped significantly to $6.7B in 2023.
During the period analyzed, exports of Crude Palm Oil peaked at 888K tons in 2022 before experiencing a decline in the subsequent year. In terms of value, exports of crude palm oil significantly dropped to $730M in 2023.
From 2021 to 2023, the growth of imports for Crude Palm Oil remained low, with a rapid contraction in value terms to $488M in 2023.
Imports of Crude Palm Oil peaked at 7.4 million tons in 2015 and then remained steady through to 2023. In terms of value, the imports of crude palm oil significantly decreased to $6.8 billion in 2023.
The growth pace of Crude Palm Oil was the most rapid in January 2023 with a 98% month-on-month increase. In value terms, crude palm oil imports sharply reduced to $196K in November 2023.
The rate of growth for Crude Palm Oil was most significant in July 2023, with a remarkable increase of 186% compared to the previous month. In terms of value, imports of Crude Palm Oil reached $9.2M in October 2023.
In September 2022, the growth rate of imports for Crude Palm Oil reached its highest point with a remarkable increase of 79% compared to the previous month. The value of these imports significantly decreased to $18M in August 2023.
The rate of growth was highest in August 2022 with a month-on-month increase of 1,166%. In terms of value, imports of Crude Palm Oil reached $429K in July 2023.
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
In May 2023, the price of Crude Palm Oil reached $1,074 per ton (CIF, United Kingdom), showing a decrease of -3.3% compared to the previous month.
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