Liberia: Palm Kernel Market 2020

Palm Kernel Market Size in Liberia

The revenue of the palm kernel market in Liberia amounted to $X in 2018, lowering by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the palm kernel market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Palm Kernel Production in Liberia

In value terms, palm kernel production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Over the period under review, palm kernel production reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Palm Kernel Exports

Exports by Country

The exports of the twelve major exporters of palm kernels, namely China, India, Thailand, Germany, the U.S., Spain, the Netherlands, Denmark, Italy, Austria, New Zealand and Myanmar, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest palm kernel supplier from Liberia, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In China, palm kernel exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2018, the palm kernel export price in Liberia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the palm kernel export price continues to indicate a relatively flat trend pattern. In that year, the export prices for palm kernels reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for palm kernels remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Palm Kernel Imports

Imports into Liberia

In 2018, approx. X kg of palm kernels were imported into Liberia; reducing by -X% against the previous year. Overall, palm kernel imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. In that year, palm kernel imports reached their peak of X tons. From 2010 to 2018, the growth of palm kernel imports remained at a somewhat lower figure.

In value terms, palm kernel imports totaled $X in 2018. Overall, palm kernel imports, however, continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Liberia imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Spain (X tons), Germany (X tons), the Netherlands (X tons), Bangladesh (X tons), Saudi Arabia (X tons), China (X tons), Japan (X tons), Austria (X tons), Turkey (X tons), Taiwan, Chinese (X tons), South Korea (X tons) and Slovakia (X tons) represented the key importers of palm kernels in the world, creating X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Slovakia, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. China, Japan, Taiwan, Chinese, Saudi Arabia, Austria, Bangladesh, South Korea, Turkey, Slovakia and Liberia lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries 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 import price in Liberia amounted to $X per ton, rising by X% against the previous year. Overall, the palm kernel import price continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. In that year, the import prices for palm kernels attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform