Equatorial Guinea: Palm Kernel Market 2020

Palm Kernel Market Size in Equatorial Guinea

The revenue of the palm kernel market in Equatorial Guinea amounted to $X in 2018, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Equatorial Guinea palm kernel consumption peaked at $X in 2017, and then declined slightly in the following year.

Palm Kernel Production in Equatorial Guinea

In value terms, palm kernel production totaled $X in 2018 estimated in export prices. In general, the total output indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, palm kernel production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, palm kernel production reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Palm Kernel Exports

Exports by Country

In 2018, China (X tons), India (X tons), Thailand (X tons), Germany (X tons), the U.S. (X tons), Spain (X tons), the Netherlands (X tons), Denmark (X tons), Italy (X tons), Austria (X tons), New Zealand (X tons) and Myanmar (X tons) represented the major exporters of palm kernels in the world, generating X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2018, the palm kernel export price in Equatorial Guinea amounted to $X per ton, remaining stable against the previous year. Over the period under review, the palm kernel export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Palm Kernel Imports

Imports into Equatorial Guinea

In 2018, the amount of palm kernels imported into Equatorial Guinea amounted to X kg, jumping by X% against the previous year. Over the period under review, palm kernel imports, however, continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. In that year, palm kernel imports reached their peak of X tons. From 2010 to 2018, the growth of palm kernel imports remained at a somewhat lower figure.

In value terms, palm kernel imports totaled $X in 2018. In general, palm kernel imports, however, continue to indicate a measured downturn. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, palm kernel imports attained their peak of $X. From 2010 to 2018, the growth of palm kernel imports failed to regain its momentum.

Imports by Country

The imports of the twelve major importers of palm kernels, namely Spain, Germany, the Netherlands, Bangladesh, Saudi Arabia, China, Japan, Austria, Turkey, Taiwan, Chinese, South Korea and Slovakia, represented more than half of total import.

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

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. China, Japan, Taiwan, Chinese, Saudi Arabia, Austria, Bangladesh, South Korea, Turkey, Slovakia and Equatorial Guinea lagged somewhat behind, together comprising a further X terms of the main importing countries, Taiwan, Chinese experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the palm kernel import price in Equatorial Guinea amounted to $X per ton, waning by -X% against the previous year. In general, the palm kernel import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. In that year, the import prices for palm kernels attained their peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform