Singapore: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Singapore

The revenue of the palm fruit oil market in Singapore amounted to $X in 2017, reducing by -X% against the previous year. Overall, palm fruit oil consumption continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. Singapore palm fruit oil consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Production in Singapore

In 2017, palm fruit oil production in Singapore amounted to 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 Singapore

In 2017, the amount of palm fruit oil exported from Singapore stood at X tons, coming up by X% against the previous year. Overall, palm fruit oil exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. Over the period under review, the palm fruit oil exports reached its peak figure volume of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil exports totaled $X in 2017. Overall, palm fruit oil exports continue to indicate a drastic shrinkage. In that year, the palm fruit oil exports attained their peak level of $X. From 2009 to 2017, growth of the palm fruit oil exports stood at a somewhat lower level.

Palm Fruit Oil Exports by Country from Singapore

In 2017, Indonesia (X tons) was the key exporter for palm fruit oil, making up X% of total exports. It was distantly followed by Malaysia (X tons), generating X% share of total exports. The Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) held the mild share of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. 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, with a combined X% share of total exports. These countries were followed by Papua New Guinea, Guatemala and Singapore, which together accounted for a further X%.

Guatemala (+X% per year) recorded the highest growth rate of exports, among 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 Singapore

In 2017, the palm fruit oil export price in Singapore amounted to $X per ton, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when the export prices increased by X% y-o-y. Singapore export price peaked of $X per ton in 2012; however, from 2013 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 into Singapore

Palm fruit oil imports into Singapore amounted to X tons in 2017, going down by -X% against the previous year. In general, palm fruit oil imports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the palm fruit oil imports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports stood at $X in 2017. Overall, palm fruit oil imports continue to indicate a drastic descent. Over the period under review, the palm fruit oil imports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Palm Fruit Oil Imports by Country into Singapore

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) represented the largest importers of palm fruit oil, together constituting X% of total imports. The following importers - 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) together made up X% 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), together comprising X% of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Ghana and Singapore lagged somewhat behind, together accounting for a further X%.

Ghana (+X% per year) recorded the highest growth rate of imports, among 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 Singapore

In 2017, the palm fruit oil import price in Singapore amounted to $X per ton, jumping by X% against the previous year. In general, the import price indicated a measured 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 most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the import prices for palm fruit oil reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

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