U.S. - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jan 1, 2025

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

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Palm Oil Prices in the United States

U.S. Palm Oil Import Price per Ton in August 2022

In August 2022, the palm oil price per ton stood at $1.5K (CIF, US), waning by -4.4% against the previous month. Over the last seven months, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in June 2022 an increase of 8.9% month-to-month. As a result, import price reached the peak level of $1.6K per ton. From July 2022 to August 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2022, the highest price was recorded for prices from Malaysia ($1.8K per ton) and Indonesia ($1.5K per ton), while the price for Ecuador ($1.3K per ton) and Colombia ($1.4K per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Palm Oil Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In August 2022, the product with the highest price was refined palm oil ($1.6K per ton), while the price for crude palm oil amounted to $1.2K per ton.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by refined palm oil (+3.0%).

U.S. Palm Oil Imports

In August 2022, supplies from abroad of palm oil increased by 141% to 139K tons for the first time since May 2022, thus ending a two-month declining trend. Over the period under review, imports, however, recorded a slight curtailment.

In value terms, palm oil imports surged to $213M (IndexBox estimates) in August 2022. In general, imports saw a mild expansion.

U.S. Palm Oil Imports by Type

In August 2022, refined palm oil (127K tons) was the main type of palm oil supplied to the United States, accounting for a 91% share of total imports. Moreover, refined palm oil exceeded the figures recorded for the second-largest type, crude palm oil (12K tons), more than tenfold.

From January 2022 to August 2022, the average monthly growth rate of the volume of import of refined palm oil stood at -2.9%.

In value terms, refined palm oil ($199M) constituted the largest type of palm oil supplied to the United States, comprising 93% of total imports. The second position in the ranking was taken by crude palm oil ($14M), with a 6.8% share of total imports.

U.S. Palm Oil Imports by Country

In August 2022, Indonesia (94K tons) constituted the largest palm oil supplier to the United States, with a 67% share of total imports. Moreover, palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (30K tons), threefold. Ecuador (9.3K tons) ranked third in terms of total imports with a 6.7% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Indonesia amounted to -4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+6.1% per month) and Ecuador (+67.1% per month).

In value terms, Indonesia ($139M) constituted the largest supplier of palm oil to the United States, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($54M), with a 25% share of total imports. It was followed by Ecuador, with a 5.5% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Indonesia amounted to -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+10.7% per month) and Ecuador (+51.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the palm 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 257 - Oil of palm

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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024
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Free Data: Palm Oil - United States