Latin America and the Caribbean: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Latin America and the Caribbean

The revenue of the palm fruit oil market in Latin America and the Caribbean amounted to $X in 2017, coming up by X% against the previous year. The total market indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the palm fruit oil market attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Palm Fruit Oil Production in Latin America and the Caribbean

In 2017, the amount of palm fruit oil produced in Latin America and the Caribbean stood at X tons, rising by X% against the previous year. The palm fruit oil production continues to indicate a prominent increase. The growth pace was the most rapid in 2012, with an increase of X% against the previous year. The volume of palm fruit oil production peaked in 2017, and is expected to retain its growth in the near future.

Palm Fruit Oil Exports

Exports in Latin America and the Caribbean

In 2017, the amount of palm fruit oil exported in Latin America and the Caribbean stood at X tons, increasing by X% against the previous year. The palm fruit oil exports continue to indicate a strong growth. The growth pace was the most rapid in 2015, when exports increased by X% year-to-year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, palm fruit oil exports totaled $X in 2017. The total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports increased by +X% against 2013 indices. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Exports by Country

Guatemala (X tons), Colombia (X tons) and Honduras (X tons) represented roughly X% of total exports of palm fruit oil in 2017. Ecuador (X tons) ranks second in terms of the global exports with a X% share, followed by Costa Rica (X%). Brazil (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Colombia ($X) and Honduras ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports.

Guatemala (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the palm fruit oil export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. The palm fruit oil export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports

Imports in Latin America and the Caribbean

In 2017, approx. X tons of palm fruit oil were imported in Latin America and the Caribbean; coming down by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2011, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports totaled $X in 2017. The total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil imports decreased by -X% against 2011 indices. Over the period under review, the palm fruit oil imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

Mexico was the main importing country with an import of about X tons, which resulted at X% of total imports. Colombia (X tons) held the second position in the ranking, followed by Brazil (X tons) and El Salvador (X tons). All these countries together took approx. X% share of total imports. The following importers - Nicaragua (X tons), the Dominican Republic (X tons) and Honduras (X tons) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil imports into Mexico stood at +X%. At the same time, Honduras (+X%), the Dominican Republic (+X%), Colombia (+X%), Brazil (+X%), Nicaragua (+X%) and El Salvador (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of El Salvador, Nicaragua, Honduras, the Dominican Republic, Brazil, Mexico and Colombia decreased by -X%, -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported palm fruit oil in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

In Mexico, palm fruit oil imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Colombia (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2017, the palm fruit oil import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. The palm fruit oil import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. Over the period under review, the import prices for palm fruit oil reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Honduras ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Dominican Republic (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform