Liberia: Crude Palm Oil Market 2020

Crude Palm Oil Market Size in Liberia

The revenue of the crude palm oil market in Liberia amounted to $X in 2018, falling by -X% against the previous year. In general, crude palm oil consumption continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the crude palm oil market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Crude Palm Oil Production in Liberia

In value terms, crude palm oil production amounted to $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 pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. In that year, crude palm oil production attained its peak level of $X. From 2009 to 2018, crude palm oil production growth remained at a somewhat lower figure.

Crude Palm Oil Exports

Exports from Liberia

In 2018, the exports of crude palm oil from Liberia stood at X tons, going up by X% against the previous year. In general, crude palm oil exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, crude palm oil exports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, crude palm oil exports stood at $X in 2018. In general, crude palm oil exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Liberia exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Indonesia represented the major exporting country with an export of around X tons, which resulted at X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Colombia (X tons), Papua New Guinea (X tons) and Guatemala (X tons). All these countries together held near X% share of total exports. Honduras (X tons) and Thailand (X tons) held a little share of total exports.

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

In value terms, Indonesia ($X) remains the largest crude palm oil supplier from Liberia, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

In Indonesia, crude palm oil exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

The crude palm oil export price in Liberia stood at $X per ton in 2018, approximately equating the previous year. Overall, the crude palm oil export price, however, continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. In that year, the export prices for crude palm oil reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for crude palm oil failed to regain its momentum.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Papua New Guinea ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced mixed trends in the export price figures.

Crude Palm Oil Imports

Imports by Country

India was the largest importer of crude palm oil in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. It was distantly followed by the Netherlands (X tons), making up a X% share of total imports. Bangladesh (X tons), Kenya (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Germany (X tons), Mexico (X tons), Saudi Arabia (X tons) and Uganda (X tons) held a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to crude palm oil imports into India stood at +X%. At the same time, Uganda (+X%), Italy (+X%), Spain (+X%), Saudi Arabia (+X%), Kenya (+X%), Malaysia (+X%), Mexico (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India, the Netherlands, Italy, Spain and Kenya increased by +X%, +X%, +X%, +X% and +X% percentage points, while Bangladesh (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude palm oil into Liberia, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in India amounted to +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Bangladesh (-X% per year).

Import Prices by Country

In 2018, the crude palm oil import price in Liberia amounted to $X per ton, approximately equating the previous year. Over the period under review, the crude palm oil import price continues to indicate a relatively flat trend pattern. Liberia import price peaked in 2018 and is likely to continue its growth in the near future.

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

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

Source: IndexBox Platform