Australia: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Australia

The revenue of the palm fruit oil market in Australia amounted to $X in 2017, dropping by -X% against the previous year. Overall, palm fruit oil consumption continues to indicate a mild increase. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. Australia palm fruit oil consumption peaked of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Production in Australia

Palm fruit oil production in Australia totaled X kg in 2017, remaining stable against the previous year. Overall, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Australia

In 2017, approx. X tons of palm fruit oil were exported from Australia; growing by X% against the previous year. In general, palm fruit oil exports continue to indicate a moderate increase. The pace of growth was the most pronounced in 2016, when exports increased by X% year-to-year. Over the period under review, the palm fruit oil exports reached its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, palm fruit oil exports totaled $X in 2017. In general, palm fruit oil exports continue to indicate a perceptible increase. Over the period under review, the palm fruit oil exports reached its peak figure level in 2017, and are likely to see steady growth in the near future.

Palm Fruit Oil Exports by Country from Australia

Indonesia was the main exporter of palm fruit oil in the world, with the volume of exports recording X tons, which was near X% of total exports in 2017. It was distantly followed by Malaysia (X tons), constituting X% share of total exports. The Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Malaysia (X%) significantly strengthened its position in terms of the global exports, while Indonesia saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest palm fruit oil markets worldwide were Indonesia ($X), Malaysia ($X) and the Netherlands ($X), together accounting for X% of total exports. Papua New Guinea, Guatemala and Australia lagged somewhat behind, together comprising a further X%.

Guatemala (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in Australia

The palm fruit oil export price in Australia stood at $X per ton in 2017, shrinking by -X% against the previous year. In general, palm fruit oil export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of X% against the previous year. Over the period under review, the export prices for palm fruit oil reached its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

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

Palm Fruit Oil Imports into Australia

In 2017, approx. X tons of palm fruit oil were imported into Australia; going up by X% against the previous year. Overall, palm fruit oil imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. Over the period under review, the palm fruit oil imports reached its peak figure volume of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports totaled $X in 2017. In general, the total imports indicated a moderate growth 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. Based on 2017 figures, the palm fruit oil imports increased by +X% against 2015 indices. 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.

Palm Fruit Oil Imports by Country into Australia

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the main importers of palm fruit oil, together generating X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), the U.S. (X tons), Bangladesh (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by the Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Ghana and Australia, which together accounted for a further X%.

Ghana (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Australia

The palm fruit oil import price in Australia stood at $X per ton in 2017, increasing by X% against the previous year. In general, the import price indicated a mild growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Australia import price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Ghana ($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 India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform