Equatorial Guinea: Palm Kernel Oil Market 2020

Palm Kernel Oil Market Size in Equatorial Guinea

The revenue of the palm kernel oil market in Equatorial Guinea amounted to $X in 2018, picking up by X% against the previous year. Overall, palm kernel oil consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. In that year, the palm kernel oil market reached its peak level of $X. From 2015 to 2018, the growth of the palm kernel oil market remained at a somewhat lower figure.

Palm Kernel Oil Production in Equatorial Guinea

In value terms, palm kernel oil production totaled $X in 2018 estimated in export prices. Over the period under review, palm kernel oil production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when production volume increased by X% against the previous year. In that year, palm kernel oil production attained its peak level of $X. From 2015 to 2018, palm kernel oil production growth remained at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Equatorial Guinea

In 2018, approx. X kg of palm kernel and babassu oil were exported from Equatorial Guinea; declining by -X% against the previous year. In general, palm kernel oil exports continue to indicate a precipitous slump. In that year, palm kernel oil exports reached their peak of X kg. From 2009 to 2018, the growth of palm kernel oil exports failed to regain its momentum.

In value terms, palm kernel oil exports stood at $X in 2018. Overall, palm kernel oil exports continue to indicate a dramatic shrinkage. In that year, palm kernel oil exports attained their peak of $X. From 2009 to 2018, the growth of palm kernel oil exports failed to regain its momentum.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. The following exporters - the Netherlands (X tons), Colombia (X tons), Papua New Guinea (X tons), Thailand (X tons) and Guatemala (X tons) - together made up X% of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Guatemala (+X%), Colombia (+X%), the Netherlands (+X%), Papua New Guinea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia experienced a relatively flat trend pattern. From 2007 to 2018, the share of Indonesia, the Netherlands and Colombia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, palm kernel oil exports expanded 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 the Netherlands (+X% per year).

Export Prices by Country

The palm kernel oil export price in Equatorial Guinea stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the palm kernel oil export price continues to indicate a deep curtailment. Equatorial Guinea export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Papua New Guinea ($X per ton), while Thailand ($X per ton) was 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 more modest paces of growth.

Palm Kernel Oil Imports

Imports into Equatorial Guinea

In 2018, the amount of palm kernel and babassu oil imported into Equatorial Guinea amounted to X kg, waning by -X% against the previous year. In general, palm kernel oil imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. In that year, palm kernel oil imports attained their peak of X kg. From 2012 to 2018, the growth of palm kernel oil imports remained at a lower figure.

In value terms, palm kernel oil imports totaled $X in 2018. Overall, palm kernel oil imports continue to indicate a drastic setback. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, palm kernel oil imports attained their peak of $X. From 2012 to 2018, the growth of palm kernel oil imports remained at a somewhat lower figure.

Imports by Country

The imports of the seven major importers of palm kernel and babassu oil, namely China, the U.S., Germany, Malaysia, the Netherlands, Brazil and India, represented more than two-thirds of total import. The Philippines (X tons), Mexico (X tons), Japan (X tons), Turkey (X tons) and Spain (X tons) occupied a relatively small share of total imports.

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

In value terms, China ($X), Germany ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Malaysia, Brazil, the Netherlands, India, Mexico, the Philippines, Turkey, Japan, Spain and Equatorial Guinea, which together accounted for a further X Philippines experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The palm kernel oil import price in Equatorial Guinea stood at $X per ton in 2018, waning by -X% against the previous year. In general, the palm kernel oil import price continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Equatorial Guinea import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform