Report Update Nov 1, 2024

Angola - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Angola

The Angolan palm kernel oil market reached $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw a perceptible decrease. Palm kernel oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Palm Kernel Oil Production in Angola

In value terms, palm kernel oil production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of 302% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Angola

In 2015, after two years of decline, there was decline in overseas shipments of palm kernel and babassu oil, when their volume decreased by 0% to X tons. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum in 2015 and are likely to see gradual growth in the immediate term.

In value terms, palm kernel oil exports totaled $X in 2015. In general, exports saw a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the peak figure in 2015 and are likely to see gradual growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for palm kernel oil exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Democratic Republic of the Congo was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest.

Export Prices by Country

In 2015, the average palm kernel oil export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price saw a pronounced descent. The growth pace was the most rapid in 2013 a decrease of 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2015, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to 0.0% per year.

Palm Kernel Oil Imports

Imports into Angola

In 2022, imports of palm kernel and babassu oil into Angola shrank remarkably to X tons, with a decrease of -41.3% on the previous year. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 2,225% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, palm kernel oil imports fell markedly to $X in 2022. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by 2,590%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of palm kernel oil to Angola, with a 31% share of total imports. Moreover, palm kernel oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Portugal (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to -18.4%.

In value terms, Malaysia ($X) constituted the largest supplier of palm kernel and babassu oil to Angola, comprising 16% of total imports. The second position in the ranking was taken by Portugal ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -18.2%.

Import Prices by Country

In 2022, the average palm kernel oil import price amounted to $X per ton, reducing by -6.3% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 70%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

The countries with the highest volumes of in 2021 were Indonesia, Malaysia and China, together comprising 63% of global consumption. These countries were followed by Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria, which together accounted for a further 20%.

What are the largest producers of palm kernel and babassu oil in the world?

Indonesia constituted the country with the largest volume of palm kernel oil production, accounting for 54% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of palm kernel and babassu oil to Angola?

In value terms, Malaysia, Indonesia and Portugal constituted the largest palm kernel oil suppliers to Angola, together comprising 100% of total imports.

What is the average export price for palm kernel and babassu oil in Angola?

The average palm kernel oil export price stood at $4,021 per ton in 2015, almost unchanged from the previous year.

What is the average import price for palm kernel and babassu oil in Angola?

In 2021, the average palm kernel oil import price amounted to $649 per ton, stabilizing at the previous year.

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

Angola

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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