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Report Australia and Oceania - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Australia and Oceania

The crude palm oil market in Australia and Oceania surged to $X in 2022, rising by 168% against the previous year. Over the period under review, consumption recorded buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Crude Palm Oil Production in Australia and Oceania

In value terms, crude palm oil production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 32%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Crude Palm Oil Exports

Exports in Australia and Oceania

Crude palm oil exports fell to X tons in 2022, shrinking by -9.3% compared with the previous year. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 94% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, crude palm oil exports contracted remarkably to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

The biggest shipments were from Papua New Guinea (X tons), together recording 99.9% of total export.

Papua New Guinea was also the fastest-growing in terms of the crude palm oil exports, with a CAGR of +6.6% from 2012 to 2022. While the share of Papua New Guinea (+5.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) also remains the largest crude palm oil supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea amounted to +7.6%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -13.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 55%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +0.9% per year.

Crude Palm Oil Imports

Imports in Australia and Oceania

In 2022, crude palm oil imports in Australia and Oceania reduced to X tons, waning by -6.3% against the previous year's figure. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 77% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, crude palm oil imports shrank to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 85%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Papua New Guinea represented the largest importing country with an import of around X tons, which resulted at 71% of total imports. It was distantly followed by Tuvalu (X tons), committing a 27% share of total imports.

Papua New Guinea was also the fastest-growing in terms of the crude palm oil imports, with a CAGR of +34.6% from 2012 to 2022. At the same time, Tuvalu (+5.3%) displayed positive paces of growth. Papua New Guinea (+58 p.p.) significantly strengthened its position in terms of the total imports, while Tuvalu saw its share reduced by -27.7% from 2012 to 2022, respectively.

In value terms, Papua New Guinea ($X) constitutes the largest market for imported crude palm oil in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by Tuvalu ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea stood at +31.0%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 4.3%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Tuvalu amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (-2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Papua New Guinea remains the largest crude palm oil consuming country in Australia and Oceania, accounting for 90% of total volume. Moreover, crude palm oil consumption in Papua New Guinea exceeded the figures recorded by the second-largest consumer, Solomon Islands, more than tenfold.
Papua New Guinea remains the largest crude palm oil producing country in Australia and Oceania, comprising approx. 97% of total volume. Moreover, crude palm oil production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Solomon Islands, more than tenfold.
In value terms, Papua New Guinea remains the largest crude palm oil supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was occupied by Solomon Islands, with a 3.4% share of total exports.
In value terms, Papua New Guinea constitutes the largest market for imported crude palm oil in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was occupied by Tuvalu, with a 22% share of total imports.
In 2021, the crude palm oil export price in Australia and Oceania amounted to $626 per ton, falling by -8% against the previous year.
The crude palm oil import price in Australia and Oceania stood at $531 per ton in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the crude palm oil market in Australia and Oceania. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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