Australia and Oceania: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Australia and Oceania

The revenue of the palm fruit oil market in Australia and Oceania amounted to $X in 2017, standing approx. at the previous year. The palm fruit oil consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. In that year, the palm fruit oil market reached their peak level of $X. From 2009 to 2017, growth of the palm fruit oil market failed to regain its momentum.

Palm Fruit Oil Production in Australia and Oceania

The palm fruit oil production amounted to X tons in 2017, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The volume of palm fruit oil production peaked of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports

Exports in Australia and Oceania

In 2017, palm fruit oil exports in Australia and Oceania totaled X tons, growing by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2011, when exports increased by X% against the previous year. In that year, the palm fruit oil exports reached their peak volume of X tons. From 2012 to 2017, growth of the palm fruit oil exports stood at a somewhat lower level.

In value terms, palm fruit oil exports amounted to $X in 2017. The total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. In that year, the palm fruit oil exports reached their peak level of $X. From 2012 to 2017, growth of the palm fruit oil exports stood at a somewhat lower level.

Exports by Country

Papua New Guinea dominates palm fruit oil exports structure, resulting at X tons, which was near X% of total exports in 2017. It was distantly followed by Solomon Islands (X tons), comprising X% share of total exports. Australia (X tons) took the mild share of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Papua New Guinea stood at +X%. At the same time, Solomon Islands (+X%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest growing exporter in Australia and Oceania, with a CAGR of +X% from 2007-2017. Australia experienced a relatively flat trend pattern. Solomon Islands (-X%) and Papua New Guinea (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) remains the largest palm fruit oil supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Solomon Islands ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Papua New Guinea totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Solomon Islands (+X% per year) and Australia (+X% per year).

Export Prices by Country

The palm fruit oil export price in Australia and Oceania stood at $X per ton in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the export prices for palm fruit oil reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Australia ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports

Imports in Australia and Oceania

In 2017, approx. X tons of palm fruit oil were imported in Australia and Oceania; growing by X% against the previous year. The palm fruit oil imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. Over the period under review, the palm fruit oil imports attained its peak figure volume of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the palm fruit oil imports reached their peak level of $X. From 2009 to 2017, growth of the palm fruit oil imports stood at a somewhat lower level.

Imports by Country

Australia represented the key importing country with an import of around X tons, which resulted at X% of total imports. Papua New Guinea (X tons) ranks second in terms of the global imports with a X% share, followed by New Zealand (X%).

Australia experienced a relatively flat trend pattern of palm fruit oil imports. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Papua New Guinea increased by X% percentage points, while Australia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported palm fruit oil in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global imports. It was followed by New Zealand, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: Papua New Guinea (-X% per year) and New Zealand (+X% per year).

Import Prices by Country

The palm fruit oil import price in Australia and Oceania stood at $X per ton in 2017, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for palm fruit oil reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, the country with the highest import price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform