Report Update Jan 1, 2025

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

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Argentina: Palm Kernel Oil Market 2025

Palm Kernel Oil Market Size in Argentina

In 2022, the Argentinian palm kernel oil market increased by 55% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Palm Kernel Oil Exports

Exports from Argentina

In 2020, overseas shipments of palm kernel and babassu oil decreased by -38.4% to X tons for the first time since 2016, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 3,519% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

In value terms, palm kernel oil exports reduced sharply to $X in 2020. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 3,082% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for palm kernel oil exports from Argentina, with a approx. 50% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Italy amounted to +1,351.6%.

In value terms, Italy ($X) also remains the key foreign market for palm kernel and babassu oil exports from Argentina.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy totaled -3.3%.

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2020, increasing by 11% against the previous year. In general, the export price posted a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2020, the rate of growth in terms of prices for Colombia amounted to +13.2% per year.

Palm Kernel Oil Imports

Imports into Argentina

In 2022, overseas purchases of palm kernel and babassu oil increased by 31% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by 107% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, palm kernel oil imports soared to $X in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 74%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Colombia (X tons) constituted the largest palm kernel oil supplier to Argentina, with a 37% share of total imports. Moreover, palm kernel oil imports from Colombia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+77.9% per year) and Malaysia (-5.4% per year).

In value terms, Colombia ($X) constituted the largest supplier of palm kernel and babassu oil to Argentina, comprising 37% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Indonesia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Colombia totaled +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.4% per year) and Indonesia (+13.8% per year).

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by +133.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 64%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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 accounting for 63% of global consumption. Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria lagged somewhat behind, together accounting for a further 20%.

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

The country with the largest volume of palm kernel oil production was Indonesia, comprising approx. 54% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by Thailand, with an 8.1% share.

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

In value terms, Colombia, Brazil and Malaysia constituted the largest palm kernel oil suppliers to Argentina, together comprising 72% of total imports.

What are the leading importers of palm kernel and babassu oil from Argentina?

In value terms, Italy remains the key foreign market for palm kernel oil exports from Argentina.

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

In 2020, the average palm kernel oil export price amounted to $1,740 per ton, surging by 13% against the previous year.

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

In 2021, the average palm kernel oil import price amounted to $1,621 per ton, rising by 64% against the previous year.

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

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 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
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