Madagascar: Palm Kernel Oil Market 2020

Palm Kernel Oil Market Size in Madagascar

The revenue of the palm kernel oil market in Madagascar amounted to $X in 2018, going up by X% against the previous year. In general, the total market indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, palm kernel oil consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Madagascar palm kernel oil consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Palm Kernel Oil Production in Madagascar

In value terms, palm kernel oil production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, palm kernel oil production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, palm kernel oil production reached its peak level of $X. From 2012 to 2018, palm kernel oil production growth remained at a lower figure.

Palm Kernel Oil Exports

Exports from Madagascar

In 2018, the amount of palm kernel and babassu oil exported from Madagascar stood at X kg, growing by X% against the previous year. Overall, palm kernel oil exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, palm kernel oil exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, palm kernel oil exports totaled $X in 2018. Overall, palm kernel oil exports continue to indicate a deep deduction. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, palm kernel oil exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Indonesia (X tons) was the major exporter of palm kernel and babassu oil, making up X% of total exports. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports. The Netherlands (X tons), Colombia (X tons), Papua New Guinea (X tons), Thailand (X tons) and Guatemala (X tons) took a minor share of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Guatemala (+X%), Colombia (+X%), the Netherlands (+X%), Papua New Guinea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia experienced a relatively flat trend pattern. Indonesia (+X p.p.), the Netherlands (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, palm kernel oil exports increased 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 the Netherlands (+X% per year).

Export Prices by Country

In 2018, the palm kernel oil export price in Madagascar amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the palm kernel oil export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the export price increased by X% y-o-y. Over the period under review, the export prices for palm kernel and babassu oil reached their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Papua New Guinea ($X per ton), while Thailand ($X per ton) was 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 more modest paces of growth.

Palm Kernel Oil Imports

Imports into Madagascar

In 2018, the palm kernel oil imports into Madagascar totaled X tons, growing by X% against the previous year. Over the period under review, palm kernel oil imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. In that year, palm kernel oil imports attained their peak of X tons. From 2010 to 2018, the growth of palm kernel oil imports remained at a somewhat lower figure.

In value terms, palm kernel oil imports totaled $X in 2018. Over the period under review, palm kernel oil imports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Madagascar imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

China (X tons), the U.S. (X tons), Germany (X tons), Malaysia (X tons), the Netherlands (X tons), Brazil (X tons) and India (X tons) represented roughly X% of total imports of palm kernel and babassu oil in 2018. The Philippines (X tons), Mexico (X tons), Japan (X tons), Turkey (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest palm kernel oil importing markets into Madagascar were China ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by Malaysia, Brazil, the Netherlands, India, Mexico, the Philippines, Turkey, Japan, Spain and Madagascar, which together accounted for a further X the main importing countries, the Philippines recorded the highest growth rate of imports, 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 oil import price in Madagascar amounted to $X per ton, waning by -X% against the previous year. In general, the import price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, palm kernel oil import price increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X% y-o-y. Over the period under review, the import prices for palm kernel and babassu oil attained their peak figure at $X per ton in 2017, and then declined slightly in the following year.

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

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

Source: IndexBox Platform