Egypt: Palm Kernel Oil Market 2025

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

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