China - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Prices in China
China Palm Kernel Oil Import Price in August 2022
In August 2022, the palm kernel oil price stood at $1,564 per ton (CIF, China), dropping by -24.4% against the previous month. In general, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in March 2022 an increase of 28% month-to-month. Over the period under review, average import prices attained the maximum at $2,554 per ton in April 2022; however, from May 2022 to August 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2022, the country with the highest price was Indonesia ($1,572 per ton), while the price for Thailand ($1,409 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced a decline.
China Palm Kernel Oil Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In August 2022, 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 ($1,564 per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified amounted to $1,531 per ton.
From January 2022 to August 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 (-2.3%).
China Palm Kernel Oil Imports
In August 2022, the amount of palm kernel and babassu oil imported into China declined to 32K tons, dropping by -9.9% against July 2022 figures. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in May 2022 when imports increased by 103% month-to-month. Over the period under review, imports hit record highs at 56K tons in January 2022; however, from February 2022 to August 2022, imports remained at a lower figure.
In value terms, palm kernel oil imports fell remarkably to $50M (IndexBox estimates) in August 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in May 2022 when imports increased by 91% month-to-month. Imports peaked at 104K tons in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.
China Palm Kernel Oil Imports by Type
In August 2022, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (31K tons) was the main type of palm kernel oil supplied to China, accounting for a 98% share of total imports. It was followed by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (538 tons), with a 1.7% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms 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 amounted to -3.3%.
In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($49M) constituted the largest type of palm kernel oil supplied to China, comprising 98% 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 ($824K), with a 1.6% share of total imports.
China Palm Kernel Oil Imports by Country
In August 2022, Indonesia (22K tons) constituted the largest supplier of palm kernel oil to China, with a 68% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (9.6K tons), twofold.
From January 2022 to August 2022, the average monthly growth rate of volume from Indonesia totaled -4.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-13.2% per month) and Thailand (+12.3% per month).
In value terms, Indonesia ($34M) constituted the largest supplier of palm kernel oil to China, comprising 68% of total imports. The second position in the ranking was held by Malaysia ($15M), with a 30% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Indonesia amounted to -6.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-16.2% per month) and Thailand (+12.9% per month).
This report provides an in-depth analysis of the palm kernel oil market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the palm kernel oil market in China.
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In April 2023, the refined coconut oil price amounted to $1,173 per ton (CIF, China), stabilizing at the previous month.
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In February 2023, the coconut oil import price in China amounted to $1,201 per ton (CIF, China), reducing by -3.9% against the previous month. The amount of coconut (copra) oil imported into China declined significantly to 12K tons, reducing by -38.2% on the previous month. Refined coconut (copra) oil (12K tons) was the main type of coconut oil supplied to China, accounting for a approximately 100% share of total imports. Indonesia (9.5K tons) was the largest coconut oil supplier to China, accounting for a 81% share of total imports. In value terms, Indonesia ($11M) constituted the largest supplier of coconut oil to China, comprising 80% of total imports.
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Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.
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Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
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Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
1956
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
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Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
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Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
