U.S. - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Prices in the United States
U.S. Palm Kernel Oil Import Price per Ton in August 2022
In August 2022, the palm kernel oil price per ton amounted to $2.5K (CIF, US), reducing by -14.8% against the previous month. Overall, import price indicated a resilient increase from January 2022 to August 2022: its price increased at an average monthly rate of +5.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, palm kernel oil import price decreased by -14.8% against July 2022 indices. The most prominent rate of growth was recorded in March 2022 an increase of 25% against the previous month. The import price peaked at $2.9K per ton in July 2022, and then fell in the following month.
Average prices varied somewhat amongst the major supplying countries. In August 2022, the country with the highest price was Malaysia ($2.9K per ton), while the price for Colombia ($1.9K 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 Indonesia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
U.S. Palm Kernel Oil Import Prices by Type
There were significant differences in the average prices 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 ($2.5K per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified amounted to $1.4K 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 (+5.2%).
U.S. Palm Kernel Oil Imports
In August 2022, imports of palm kernel and babassu oil into the United States declined sharply to 24K tons, with a decrease of -39.1% compared with the previous month's figure. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in July 2022 with an increase of 160% month-to-month. As a result, imports attained the peak of 40K tons, and then dropped significantly in the following month.
In value terms, palm kernel oil imports contracted significantly to $60M (IndexBox estimates) in August 2022. In general, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in July 2022 with an increase of 173% m-o-m. As a result, imports attained the peak of $115M, and then declined rapidly in the following month.
U.S. 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 (24K tons) was the main type of palm kernel oil supplied to the United States, with a 98% share of total imports. It was followed by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (390 tons), with a 1.6% 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 totaled -2.5%.
In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($59M) constituted the largest type of palm kernel oil supplied to the United States, comprising 99% of total imports. The second position in the ranking was held by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($551K), with a 0.9% share of total imports.
U.S. Palm Kernel Oil Imports by Country
In August 2022, Indonesia (20K tons) constituted the largest palm kernel oil supplier to the United States, accounting for a 83% share of total imports. Moreover, palm kernel oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (3.7K tons), fivefold.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Indonesia stood at -1.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-5.6% per month) and Colombia (+25.2% per month).
In value terms, Indonesia ($48M) constituted the largest supplier of palm kernel oil to the United States, comprising 81% of total imports. The second position in the ranking was held by Malaysia ($11M), with an 18% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of value from Indonesia stood at +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-1.1% per month) and Colombia (+21.2% per month).
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:
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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