Report Update Nov 1, 2024

Northern America - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Northern America

In 2022, the North American crude palm oil market decreased by -48.4% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Crude Palm Oil Production in Northern America

In value terms, crude palm oil production stood at $X in 2022 estimated in export price. Overall, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.4% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Crude Palm Oil Exports

Exports in Northern America

In 2022, exports of crude palm oil in Northern America surged to X tons, rising by 57% against 2021 figures. In general, exports, however, saw a mild setback. The pace of growth was the most pronounced in 2015 with an increase of 286% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude palm oil exports soared to $X in 2022. Over the period under review, exports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 284%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together resulting at 100% of total export.

The United States was also the fastest-growing in terms of the crude palm oil exports, with a CAGR of -1.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest crude palm oil supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -1.6%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 4.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 31% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.3% per year.

Crude Palm Oil Imports

Imports in Northern America

In 2022, the amount of crude palm oil imported in Northern America amounted to X tons, increasing by 3.5% against the year before. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 11,624% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, crude palm oil imports expanded rapidly to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 9,690% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons) and Canada (X tons) dominates imports structure, together comprising 95% of total imports. It was distantly followed by Greenland (X tons), generating a 4.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Canada (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported crude palm oil in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +15.9%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+9.4% per year) and Greenland (+5.5% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 1.8% against the previous year. Overall, the import price saw tangible growth. The pace of growth was the most pronounced in 2021 an increase of 107%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in Northern America?

The United States remains the largest crude palm oil consuming country in Northern America, comprising approx. 95% of total volume. It was followed by Bermuda, with a 2.8% share of total consumption.

What are the largest producers of crude palm oil in Northern America?

The United States remains the largest crude palm oil producing country in Northern America, accounting for 100% of total volume.

What are the leading exporters of crude palm oil in Northern America?

In value terms, the United States remains the largest crude palm oil supplier in Northern America.

What are the leading importers of crude palm oil in Northern America?

In value terms, the United States constitutes the largest market for imported crude palm oil in Northern America, comprising 89% of total imports. The second position in the ranking was occupied by Bermuda, with a 5.9% share of total imports. It was followed by Greenland, with a 3.4% share.

What is the average export price for crude palm oil in Northern America?

The crude palm oil export price in Northern America stood at $1,044 per ton in 2021, rising by 31% against the previous year.

What is the average import price for crude palm oil in Northern America?

The crude palm oil import price in Northern America stood at $1,976 per ton in 2021, growing by 149% against the previous year.

This report provides an in-depth analysis of the crude palm oil market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 257 - Oil of palm

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023