Report Update Nov 1, 2024

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

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Egypt: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Egypt

The Egyptian palm kernel oil market shrank significantly to $X in 2022, which is down by -58.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable descent. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.

Palm Kernel Oil Exports

Exports from Egypt

In 2022, exports of palm kernel and babassu oil from Egypt fell markedly to X tons, with a decrease of -38% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2021 when exports increased by 316%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports contracted sharply to $X in 2022. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 286%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Saudi Arabia (X tons) and Sudan (X tons) were the main destinations of palm kernel oil exports from Egypt, together comprising 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of -16.4%), while shipments for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) remains the key foreign market for palm kernel and babassu oil exports from Egypt, comprising 60% of total exports. The second position in the ranking was held by Sudan ($X), with a 16% share of total exports. It was followed by Palestine, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-32.6% per year) and Palestine (-12.4% per year).

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, with an increase of 1.5% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 export price decreased by -5.8% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Egypt

In 2022, palm kernel oil imports into Egypt fell significantly to X tons, dropping by -68.1% against 2021 figures. In general, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 416%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, palm kernel oil imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 460% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of palm kernel oil to Egypt, accounting for a 98% share of total imports. It was followed by Malaysia (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +5.8%.

In value terms, Indonesia ($X) constituted the largest supplier of palm kernel and babassu oil to Egypt, comprising 98% of total imports. The second position in the ranking was held by Malaysia ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +9.2%.

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, picking up by 47% against the previous year. Over the period under review, the import price showed a pronounced expansion. As a result, import price reached the peak level 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 Indonesia ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.2%).

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 comprising a further 20%.

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

Indonesia constituted the country with the largest volume of palm kernel oil production, 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 Egypt?

In value terms, Indonesia constituted the largest supplier of palm kernel oil to Egypt, comprising 89% of total imports. The second position in the ranking was occupied by Malaysia, with an 11% share of total imports.

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

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

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

The average palm kernel oil export price stood at $1,625 per ton in 2021, surging by 8.6% against the previous year.

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

In 2021, the average palm kernel oil import price amounted to $837 per ton, picking up by 1.7% against the previous year.

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

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023