Guinea-Bissau: Palm Kernel Oil Market 2020

Palm Kernel Oil Market Size in Guinea-Bissau

The revenue of the palm kernel oil market in Guinea-Bissau amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, the total market indicated a prominent expansion 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 oil consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Guinea-Bissau palm kernel oil consumption peaked at $X in 2017, and then declined slightly in the following year.

Palm Kernel Oil Production in Guinea-Bissau

In value terms, palm kernel oil production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated buoyant growth 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 oil production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Over the period under review, palm kernel oil production attained its maximum level at $X in 2017, and then declined slightly in the following year.

Palm Kernel Oil Exports

Exports from Guinea-Bissau

In 2018, the amount of palm kernel and babassu oil exported from Guinea-Bissau stood at X kg, standing approx. at the previous year. In general, palm kernel oil exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, palm kernel oil exports reached their peak of X tons. From 2013 to 2018, the growth of palm kernel oil exports remained at a lower figure.

In value terms, palm kernel oil exports totaled $X in 2018. Over the period under review, palm kernel oil exports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. In that year, palm kernel oil exports reached their peak of $X. From 2013 to 2018, the growth of palm kernel oil exports remained at a lower figure.

Exports by Country

In 2018, Indonesia (X tons) represented the key exporter of palm kernel and babassu oil, mixing up X% of total exports. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports. The Netherlands (X tons), Colombia (X tons), Papua New Guinea (X tons), Thailand (X tons) and Guatemala (X tons) took a little share 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. Indonesia (+X p.p.), the Netherlands (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, palm kernel oil exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2018, the palm kernel oil export price in Guinea-Bissau amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the palm kernel oil export price continues to indicate a dramatic decrease. Over the period under review, the export prices for palm kernel and babassu oil reached their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 Guinea-Bissau

In 2018, the amount of palm kernel and babassu oil imported into Guinea-Bissau totaled X kg, approximately reflecting the previous year. Over the period under review, palm kernel oil imports continue to indicate a relatively flat trend pattern. Over the period under review, palm kernel oil imports attained their peak figure at X kg in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, palm kernel oil imports totaled $X in 2018. In general, palm kernel oil imports continue to indicate a relatively flat trend pattern. Guinea-Bissau imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a 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 little 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) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Malaysia, Brazil, the Netherlands, India, Mexico, the Philippines, Turkey, Japan and Spain, which together accounted for a further X terms of the main importing countries, the Philippines experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the palm kernel oil import price in Guinea-Bissau amounted to $X per ton, stabilizing at the previous year. Over the period under review, the palm kernel oil import price continues to indicate a relatively flat trend pattern. Guinea-Bissau import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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