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

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