Report Update May 1, 2025

Iran - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Palm Kernel Oil Market 2025

Palm Kernel Oil Market Size in Iran

The Iranian palm kernel oil market fell significantly to $X in 2022, declining by -35.7% 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). In general, consumption recorded a abrupt decline. Palm kernel oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Palm Kernel Oil Exports

Exports from Iran

Palm kernel oil exports from Iran stood at X tons in 2018, surging by 14% compared with the previous year. Overall, total exports indicated prominent growth from 2015 to 2018: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports increased by +66.5% against 2015 indices. The pace of growth was the most pronounced in 2017 when exports increased by 29% against the previous year. The exports peaked in 2018 and are expected to retain growth in the near future.

In value terms, palm kernel oil exports expanded significantly to $X in 2018. In general, total exports indicated strong growth from 2015 to 2018: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports increased by +69.6% against 2015 indices. The growth pace was the most rapid in 2017 when exports increased by 30% against the previous year. The exports peaked in 2018 and are expected to retain growth in years to come.

Exports by Country

Afghanistan (X tons) was the main destination for palm kernel oil exports from Iran, with a approx. 100% share of total exports.

From 2015 to 2018, the average annual growth rate of volume to Afghanistan stood at +153.2%.

In value terms, Afghanistan ($X) emerged as the key foreign market for palm kernel and babassu oil exports from Iran.

From 2015 to 2018, the average annual rate of growth in terms of value to Afghanistan amounted to +205.2%.

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 0.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2018 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2015 to 2018, the rate of growth in terms of prices for Afghanistan amounted to +20.6% per year.

Palm Kernel Oil Imports

Imports into Iran

In 2022, palm kernel oil imports into Iran declined remarkably to X tons, falling by -33.3% against the year before. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 203%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, palm kernel oil imports reduced remarkably to $X in 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 282% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of palm kernel oil to Iran, with a 97% share of total imports. It was followed by Turkey (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.1% per year) and Malaysia (-34.4% per year).

In value terms, Singapore ($X) constituted the largest supplier of palm kernel and babassu oil to Iran, comprising 92% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.1% per year) and Malaysia (-28.9% per year).

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, with a decrease of -4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 35% against the previous year. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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, together accounting for 63% 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, comprising approx. 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 Iran?

In value terms, Singapore constituted the largest supplier of palm kernel oil to Iran.

What are the leading importers of palm kernel and babassu oil from Iran?

In value terms, Iraq, Kyrgyzstan and Afghanistan were the largest markets for palm kernel oil exported from Iran worldwide, together comprising 88% of total exports.

What is the average export price for palm kernel and babassu oil in Iran?

The average palm kernel oil export price stood at $1,676 per ton in 2017, approximately reflecting the previous year.

What is the average import price for palm kernel and babassu oil in Iran?

The average palm kernel oil import price stood at $1,527 per ton in 2021, waning by -2.5% against the previous year.

This report provides an in-depth analysis of the palm kernel oil market in Iran. 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:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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