Solomon Islands: Palm Kernel Market 2020

Palm Kernel Market Size in Solomon Islands

The revenue of the palm kernel market in Solomon Islands amounted to $X in 2018, approximately reflecting the previous year. Overall, palm kernel consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Solomon Islands palm kernel consumption peaked at $X in 2017, and then declined slightly in the following year.

Palm Kernel Production in Solomon Islands

In value terms, palm kernel production amounted to $X in 2018 estimated in export prices. In general, palm kernel production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when production volume increased by X% against the previous year. In that year, palm kernel production reached its peak level of $X. From 2016 to 2018, palm kernel production growth remained at a lower figure.

Palm Kernel Exports

Exports from Solomon Islands

Palm kernel exports from Solomon Islands totaled X kg in 2018, waning by -X% against the previous year. Over the period under review, palm kernel exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Solomon Islands exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, palm kernel exports totaled $X in 2018. Overall, palm kernel exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2010 when exports decreased by -X% year-to-year. Over the period under review, palm kernel exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the twelve major exporters of palm kernels, namely China, India, Thailand, Germany, the U.S., Spain, the Netherlands, Denmark, Italy, Austria, New Zealand and Myanmar, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest palm kernel supplier from Solomon Islands, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

In China, palm kernel exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2018, the palm kernel export price in Solomon Islands amounted to $X per ton, falling by -X% against the previous year. Overall, the palm kernel export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. In that year, the export prices for palm kernels reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for palm kernels 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 China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Palm Kernel Imports

Imports into Solomon Islands

In 2018, the amount of palm kernels imported into Solomon Islands amounted to X kg, shrinking by -X% against the previous year. In general, palm kernel imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Solomon Islands imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, palm kernel imports amounted to $X in 2018. Over the period under review, palm kernel imports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Solomon Islands imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons), the Netherlands (X tons), Bangladesh (X tons), Saudi Arabia (X tons), China (X tons), Japan (X tons), Austria (X tons), Turkey (X tons), Taiwan, Chinese (X tons), South Korea (X tons) and Slovakia (X tons) represented roughly X% of total imports of palm kernels in 2018.

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

In value terms, the largest palm kernel importing markets into Solomon Islands were the Netherlands ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports. China, Japan, Taiwan, Chinese, Saudi Arabia, Austria, Bangladesh, South Korea, Turkey, Slovakia and Solomon Islands lagged somewhat behind, together comprising a further X, Chinese experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the palm kernel import price in Solomon Islands amounted to $X per ton, waning by -X% against the previous year. Overall, the palm kernel import price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Solomon Islands import price peaked 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 the Netherlands ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform