Eastern Asia: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Eastern Asia

The revenue of the palm fruit oil market in Eastern Asia amounted to $X in 2017, surging by X% against the previous year. The palm fruit oil consumption continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. In that year, the palm fruit oil market reached 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 Eastern Asia

In 2017, the amount of palm fruit oil produced in Eastern Asia amounted to X tons, approximately equating the previous year. The palm fruit oil production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. The volume of palm fruit oil production peaked in 2017, and is likely to see steady growth in the immediate term.

Palm Fruit Oil Exports

Exports in Eastern Asia

In 2017, palm fruit oil exports in Eastern Asia stood at X tons, surging by X% against the previous year. The palm fruit oil exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017, when exports increased by X% against the previous year. In that year, the palm fruit oil exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, palm fruit oil exports stood at $X in 2017. The palm fruit oil exports continue to indicate a strong growth. In that year, the palm fruit oil exports attained their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X tons, which reached X% of total exports. South Korea (X tons) ranks second in terms of the global exports with a X% share, followed by Japan (X%).

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Japan, South Korea and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest palm fruit oil supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The palm fruit oil export price in Eastern Asia stood at $X per ton in 2017, lowering by -X% against the previous year. The palm fruit oil export price continues to indicate a temperate reduction. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. In that year, the export prices for palm fruit oil attained their peak level of $X per ton. From 2009 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Japan (+X% per year), while the other leaders experienced a decline in the export price figures.

Palm Fruit Oil Imports

Imports in Eastern Asia

In 2017, palm fruit oil imports in Eastern Asia stood at X tons, growing by X% against the previous year. The palm fruit oil imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, when imports increased by X% against the previous year. In that year, the palm fruit oil imports attained their peak volume of X tons. From 2010 to 2017, growth of the palm fruit oil imports failed to regain its momentum.

In value terms, palm fruit oil imports stood at $X in 2017. The palm fruit oil imports continue to indicate a relatively flat trend pattern. Over the period under review, the palm fruit oil imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

China represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together held near X% share of total imports. Taiwan, Chinese (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of palm fruit oil imports. At the same time, South Korea (+X%), Taiwan, Chinese (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Japan (-X%) and South Korea (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported palm fruit oil in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2017, the palm fruit oil import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. The palm fruit oil import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for palm fruit oil attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Taiwan, Chinese ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform