Report Update May 1, 2025

Hong Kong SAR, China - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Palm Kernel Oil Market 2025

Palm Kernel Oil Market Size in Hong Kong SAR, China

The Hong Kong palm kernel oil market shrank notably to $X in 2022, reducing by -70.7% against the previous year. Overall, consumption saw a sharp slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Palm Kernel Oil Production in Hong Kong SAR, China

In value terms, palm kernel oil production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 4.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Palm Kernel Oil Exports

Exports from Hong Kong SAR, China

In 2022, the amount of palm kernel and babassu oil exported from Hong Kong SAR soared to X tons, picking up by 102% against 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 805%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, palm kernel oil exports surged to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 842%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for palm kernel oil exports from Hong Kong SAR, accounting for a 56% share of total exports. Moreover, palm kernel oil exports to Macao SAR exceeded the volume sent to the second major destination, Ireland (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR stood at -18.6%.

In value terms, Macao SAR ($X) remains the key foreign market for palm kernel and babassu oil exports from Hong Kong SAR, comprising 58% of total exports. The second position in the ranking was held by Ireland ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR totaled -20.8%.

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Ireland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kiribati (+256.5%), while the prices for the other major destinations experienced a decline.

Palm Kernel Oil Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of palm kernel and babassu oil decreased by -8.5% to X tons, falling for the eighth year in a row after three years of growth. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2013 with an increase of 6.6%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, palm kernel oil imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a sharp decline. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of palm kernel oil to Hong Kong SAR, accounting for a 98% share of total imports. It was followed by Spain (X kg), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to -36.0%.

In value terms, Malaysia ($X) constituted the largest supplier of palm kernel and babassu oil to Hong Kong SAR, comprising 94% of total imports. The second position in the ranking was held by Spain ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -33.7%.

Import Prices by Country

In 2022, the average palm kernel oil import price amounted to $X per ton, surging by 23% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 import price increased by +67.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($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 Spain (+4.7%).

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, with a combined 63% share of global consumption. These countries were followed by Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria, which together accounted for a further 20%.

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

Indonesia remains the largest palm kernel oil producing country worldwide, accounting for 54% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of palm kernel and babassu oil to Hong Kong SAR, China?

In value terms, Malaysia constituted the largest supplier of palm kernel oil to Hong Kong SAR, comprising 94% of total imports. The second position in the ranking was occupied by Italy, with a 4.1% share of total imports.

What is the average export price for palm kernel and babassu oil in Hong Kong SAR, China?

The average palm kernel oil export price stood at $951 per ton in 2021, surging by 2% against the previous year.

What is the average import price for palm kernel and babassu oil in Hong Kong SAR, China?

In 2021, the average palm kernel oil import price amounted to $1,436 per ton, growing by 11% against the previous year.

This report provides an in-depth analysis of the palm kernel oil market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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.

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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024