Democratic Republic of the Congo: Crude Palm Oil Market 2020

Crude Palm Oil Market Size in Democratic Republic of the Congo

The revenue of the crude palm oil market in Democratic Republic of the Congo amounted to $X in 2018, shrinking by -X% against the previous year. Overall, crude palm oil consumption, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, the crude palm oil market attained its peak level of $X, and then declined slightly in the following year.

Crude Palm Oil Production in Democratic Republic of the Congo

In value terms, crude palm oil production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, crude palm oil production decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Democratic Republic of the Congo crude palm oil production peaked at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Crude Palm Oil Exports

Exports from Democratic Republic of the Congo

Crude palm oil exports from Democratic Republic of the Congo totaled X tons in 2018, surging by X% against the previous year. Overall, crude palm oil exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Democratic Republic of the Congo exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, crude palm oil exports totaled $X in 2018. Over the period under review, crude palm oil exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, crude palm oil exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Indonesia (X tons) was the key exporter of crude palm oil, creating X% of total exports. Malaysia (X tons) occupied the second position in the ranking, distantly followed by Colombia (X tons), Papua New Guinea (X tons) and Guatemala (X tons). All these countries together held near X% share of total exports. Honduras (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala, while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest crude palm oil supplier from Democratic Republic of the Congo, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

In Indonesia, crude palm oil exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

The crude palm oil export price in Democratic Republic of the Congo stood at $X per ton in 2018, picking up by X% against the previous year. Overall, the crude palm oil export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the export price increased by X% y-o-y. Democratic Republic of the Congo export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Papua New Guinea ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced mixed trends in the export price figures.

Crude Palm Oil Imports

Imports into Democratic Republic of the Congo

In 2018, approx. X tons of crude palm oil were imported into Democratic Republic of the Congo; jumping by X% against the previous year. Overall, crude palm oil imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, crude palm oil imports attained their peak figure at X tons in 2009; however, from 2010 to 2018, imports remained at a lower figure.

In value terms, crude palm oil imports totaled $X in 2018. Overall, crude palm oil imports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Democratic Republic of the Congo imports peaked at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importer of crude palm oil in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. It was distantly followed by the Netherlands (X tons), comprising a X% share of total imports. Bangladesh (X tons), Kenya (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Germany (X tons), Mexico (X tons), Saudi Arabia (X tons) and Uganda (X tons) took a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to crude palm oil imports into India stood at +X%. At the same time, Uganda (+X%), Italy (+X%), Spain (+X%), Saudi Arabia (+X%), Kenya (+X%), Malaysia (+X%), Mexico (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), the Netherlands (+X p.p.), Italy (+X p.p.), Spain (+X p.p.) and Kenya (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Bangladesh (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude palm oil into Democratic Republic of the Congo, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

In India, crude palm oil imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Bangladesh (-X% per year).

Import Prices by Country

The crude palm oil import price in Democratic Republic of the Congo stood at $X per ton in 2018, remaining constant against the previous year. In general, the crude palm oil import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. Over the period under review, the import prices for crude palm oil attained their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform