Philippines: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in the Philippines

The revenue of the palm fruit oil market in the Philippines amounted to $X in 2017, growing by X% against the previous year. Overall, palm fruit oil consumption continues to indicate an outstanding growth. The growth pace was the most rapid in 2014, when it surged by X% year-to-year. The Philippines palm fruit oil consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Palm Fruit Oil Production in the Philippines

In 2017, production of palm fruit oil in the Philippines totaled X tons, picking up by X% against the previous year. Overall, the total output indicated a prominent growth from 2007 to 2017: its volume 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 production increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2012, when the output figure increased by X% against the previous year. Over the period under review, the palm fruit oil production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Palm Fruit Oil Exports in the Philippines

Palm fruit oil exports from the Philippines stood at X tons in 2017, declining by -X% against the previous year. Overall, palm fruit oil exports continue to indicate an abrupt slump. The growth pace was the most rapid in 2013, when it surged by X% against the previous year. In that year, the palm fruit oil exports attained their peak volume of X tons. From 2014 to 2017, growth of the palm fruit oil exports stood at a somewhat lower level.

In value terms, palm fruit oil exports totaled $X in 2017. In general, palm fruit oil exports continue to indicate a drastic slump. Over the period under review, the palm fruit oil exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Palm Fruit Oil Exports by Country in the Philippines

Indonesia represented the major exporter of palm fruit oil in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X tons), achieving X% share of total exports. The following exporters - the Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) together made up X% of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2017, together comprising X% of total exports. Papua New Guinea, Guatemala and the Philippines lagged somewhat behind, together accounting for a further X%.

Guatemala (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in the Philippines

In 2017, the palm fruit oil export price in the Philippines amounted to $X per ton, going up by X% against the previous year. In general, palm fruit oil export price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. The Philippines export price peaked of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

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

Palm Fruit Oil Imports in the Philippines

In 2017, palm fruit oil imports into the Philippines stood at X tons, growing by X% against the previous year. In general, palm fruit oil imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. The Philippines imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, palm fruit oil imports amounted to $X in 2017. In general, palm fruit oil imports continue to indicate a skyrocketing expansion. Over the period under review, the palm fruit oil imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Palm Fruit Oil Imports by Country in the Philippines

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the main importers of palm fruit oil, together comprising X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), the U.S. (X tons), Bangladesh (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) took the minor share of total imports.

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

In value terms, India ($X), China ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by the Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, the Philippines, Russia, Myanmar and Ghana, which together accounted for a further X%.

Among the main importing countries , Ghana (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in the Philippines

The palm fruit oil import price in the Philippines stood at $X per ton in 2017, remaining stable against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. The Philippines import price peaked of $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while Ghana ($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 India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform