Saudi Arabia: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Saudi Arabia

The revenue of the palm fruit oil market in Saudi Arabia amounted to $X in 2017, lowering by -X% against the previous year. Overall, palm fruit oil consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2009, with an increase of X% year-to-year. In that year, the palm fruit oil market attained their peak level of $X. From 2010 to 2017, growth of the palm fruit oil market failed to regain its momentum.

Palm Fruit Oil Production in Saudi Arabia

In 2017, production of palm fruit oil in Saudi Arabia totaled X kg, therefore, remained relatively stable against the previous year. Overall, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Saudi Arabia

In 2017, approx. X tons of palm fruit oil were exported from Saudi Arabia; rising by X% against the previous year. Overall, palm fruit oil exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. Saudi Arabia exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, palm fruit oil exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the palm fruit oil exports attained its peak figure level in 2017, and are expected to retain its growth in the near future.

Palm Fruit Oil Exports by Country from Saudi Arabia

Indonesia was the key exporter of palm fruit oil in the world, with the volume of exports amounting to 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. From 2007 to 2017, the share of Malaysia increased by X% percentage points, while Indonesia (-X%) saw their share reduced. 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. These countries were followed by Papua New Guinea, Guatemala and Saudi Arabia, which together accounted for a further X%.

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

Palm Fruit Oil Export Prices by Country in Saudi Arabia

In 2017, the palm fruit oil export price in Saudi Arabia amounted to $X per ton, dropping 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 2013, when the export prices increased by X% y-o-y. In that year, the export prices for palm fruit oil attained their peak level of $X per ton. From 2014 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

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 into Saudi Arabia

In 2017, imports of palm fruit oil into Saudi Arabia stood at X tons, remaining constant against the previous year. Overall, palm fruit oil imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. Saudi Arabia imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports amounted to $X in 2017. In general, palm fruit oil imports continue to indicate a remarkable increase. Saudi Arabia imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Imports by Country into Saudi Arabia

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the key importers of palm fruit oil, together making up 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) held 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, the largest palm fruit oil markets worldwide were India ($X), China ($X) and Pakistan ($X), with a combined X% share of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Saudi Arabia and Ghana lagged somewhat behind, together comprising a further X%.

Ghana (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Saudi Arabia

The palm fruit oil import price in Saudi Arabia stood at $X per ton in 2017, picking up by X% against the previous year. Overall, the import price indicated a notable expansion from 2007 to 2017: its price 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 import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. In that year, the import prices for palm fruit oil reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for palm fruit oil 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