Palm Kernel Oil
AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Palm Kernel Oil.
Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.Schedule a Demo
3F, a leading oil palm company to kick off an integrated Oil Palm factory of 250 crore investment.September 08, 2022
The extension of Crude Palm Oil and Palm kernel Oil export levy waiver is less effective for farmers as they are more concerned about other critical issues.September 08, 2022
Many plantations witnessed earnings in the second quarter due to higher prices of crude palm kernel oil.July 27, 2022
Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Palm Kernel OilSchedule a Demo
Palm Kernel Oil Market Monitoring Dashboard
Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™Schedule a Demo
Palm Kernel Oil Industry Benchmarks
The average annual savings achieved in Palm Kernel Oil category is 4.60%
The industry average payment terms in Palm Kernel Oil category for the current quarter is 75.0 days
Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™
Category Strategy and Flexibility
Price per Unit Competitiveness
Minimum Order Quality
The World’s first Digital Market Analyst
The World’s first Digital Market Analyst
Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions
Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi
Palm Kernel Oil market report transcript
Palm Kernel Oil Global Market Outlook:
Palm kernel oil growth figures in 2022-23 are forecasted to be slightly higher compared to last year.
The global palm kernel figures are estimated to be at 8.85 MMT in 2022-23. Indonesia and Malaysia are the top two producers, which have a surplus to export. Thailand and Nigeria, although produce relative volume, but do not export as extensively as Indonesia or Malaysia
Key Palm Kernel Oil Producing Countries
Indonesia (59 percent)
Malaysia (24 percent)
Nigeria (4.4 percent)
Thailand (4.3 percent)
Global Palm Kernel Oil Trade Dynamics
Indonesia accounts for over half of the global palm kernel oil exports. The global palm kernel oil trade is based out of SE Asian countries.
The China, the US, and the EU are the largest palm kernel oil importers
Indonesia and Malaysia are the largest exporters of palm kernel oil, while China, the US, and the EU are the largest importers
There was an alarming reduction of 13 percent of Indonesian exports in last year and 2022 s experiencing the same decline with the current value of 21 percent. This downtrend is primarily due to the export ban, which Indonesia had in the recent times
Demand for lauric oils from Europe has been decreasing in the last two years, due to rising prices. However, import demand from the region is estimated to rise in 2022-23.
Porter's Analysis on Palm Kernel Oil
The suppliers have better negotiation power, as they are fragmented, but integrated players and volumes are at risk. The intensity of rivalry is medium to high in the palm kernel oil industry, as the product differentiation is less.
The suppliers have higher negotiation power than buyers, as the market supply is volatile and demand is high
The suppliers are fragmented and volumes are smaller from buyers that are not large in scale or integrated
Barriers to New Entrants
Palm kernel oil refineries require capital and equipment, and the industry runs on economies of scale
Palm and its derivatives also have a lot of environmental concerns, and hence, the scope for new plantations is high
Hence, the barriers to new entrants are high
Intensity of Rivalry
Palm kernel oil is mainly used in oleochemical industries. The supply of palm kernel oil depends on the yield related to weather conditions
The rivalry in the palm kernel oil industry is medium to high, as there are alternate substitutes, such as palm, coconut oil, etc.
Threat of Substitutes
Palm kernel oil cannot be easily substituted by palm and other vegetable or animal fats, due to its high lauric content. However, they are being substituted in low quality soap products by other oil and their processed variations
Palm stearin, coconut oil, and other vegetable oil-based substitution take place depending on the price spread
The major buyers of palm kernel oil are the oleochemical companies and personal care companies
They do not influence the prices as much as the suppliers. The prices are driven by seasonal and fundamental factors
Discover the world of market intelligence and how it can elevate your business strategies.
Learn more about how market intelligence can enable informed decision-making, help identify growth opportunities, manage risks, and shape your business's strategic direction.