Palm oil Market Intelligence


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  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Palm oil category?

Are you looking for answers on Palm oil category?

  • What are the key trends in Palm oil category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Palm oil industry?
  • How is Palm oil industry performing?

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Report Coverage

The report provides insights on the following:

  • Global Palm Oil Supply–Demand Analysis
  • Trade Dynamics-Indonesia
  • Palm Oil & Derivatives Price Trend
  • Key Global Supplier Profiles
  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

The palm oil production is anticipated to increase from 64.5 MMT to 68.4 MMT in 2019 due to a rise in demand from countries such as Indonesia, Malaysia, Thailand, China, and India. The average monthly consumption is expected to be at 5.7–5.8 MMT in 2019. The demand for palm oil boosted by approximately 16.9 percent in 2019 due to a higher production of oil and higher stock accumulations. Moreover, the palm oil stock levels are expected to rise with increased production, and yield levels by 2020. 

Indonesia is a net exporter of palm oil. As of 2019, Indonesia exports around 75 percent of its total palm oil production to the world. Malaysia is the second-largest exporter of palm oil and exports almost 90 percent of its total production. The major export destinations for Malaysian exporters are India and the Netherlands. 

Palm Oil - Global Market Analysis, Forecast & Prices

  • Global palm oil supply has been witnessing a steady growth of 4.3 percent CAGR during 2012–2013 until 2018–2019
  • Palm oil stock levels decreased by around 3.3 percent during 2018–2019, due to increased consumption of palm oil from the biodiesel industry. The palm oil stock levels are expected to improve with the production and yield levels during 2019–2020
  • Crude palm oil prices increased in April 2019. The increase in price was due to an uptrend in global demand, which was confirmed by exports of palm oil from Malaysia and Indonesia of 24.5 MMT in September 2018
  • Globally, the estimated use of palm oil in the bio-diesel industry in 2019 is expected to increase by 9–10 percent to 9.53 MMT from 8.77 MMT the previous year
  • Palm oil prices and contract structures are fixed by Malaysian suppliers using MPOB crude palm oil futures and adding the basis and freight costs. The basis is the difference between cash and futures prices. Profit margin set by the buyers depends on time of buying and selling


Palm Oil - Manufacturers

The major palm oil manufacturers are:

  • Wilmar International Ltd
  • Cargill
  • Bunge Limited
  • LKL Berhad
  • IOI Corporation Bhd

Why should you buy this report

The report also covers various procurement parameters while sourcing palm oil. India, Indonesia, and the European Union are the biggest consumers of palm oil, and India is the largest importing country of palm oil wherein 93 percent of the oil is used in cooking.

Methodology for writing this Report

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of contents

  1. Palm oil Executive Summary
  2. Supply–Demand and Prices
  3. Global Soybean Oil Market
  4. Contract Structures by Industry and Price Benchmarking
  5. Cost Savings Based on Contract Structures
  1. Palm oil Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. Current Market Size
  5. Demand–Supply Trends and Forecast
  6. Key End-use Industries
  7. Trade Dynamics
  8. Regional Market Outlook (Indonesia, Malaysia)
  9. Current Market Size
  10. Demand–Supply Trends and Forecast
  11. Key End-use Industries –Trade Dynamics
  12. Palm Oil Derivatives (Global, Indonesia, and Malaysia)
  1. Palm oil Industry Analysis
  2. Industry Outlook
  3. Drivers and Constraints for the Industry
  4. Innovations
  5. Porter's Five Forces Analysis
  1. Palm oil Supplier Analysis
  2. Profiling of Major Suppliers
  3. Wilmar International Ltd.
  4. Cargill Inc.
  5. Bunge Limited
  6. KLK Berhad
  7. IOI Corporation Bhd
  1. Palm oil Cost and Price Analysis
  2. Price Analysis (Indonesia and Malaysia)
  3. Price Forecast for Palm Oil
  4. Price Forecast for RBD Palm Olein & RBD Palm Stearin

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  • India, Indonesia, and the EU are the largest consumers of palm oil
  • Malaysia and Indonesia are the major soybean producing areas and together export around 91 percent of the global palm oil
  • In the coming years (from 2019 onwards), Indonesia is expected to surpass US and Brazil in biodiesel production, hence, its consumption rates are expected to increase

Palm Oil Global Demand & Size by Application

  • The global palm oil demand witnessed a steady increase in the recent decade, due to increasing demand from the food industry
  • The main demand for palm oil is for food application, followed by industrial use, which is for biodiesel manufacturing
  • Globally, the estimated use of palm oil in the bio-diesel industry in 2017 increased by 9–10 percent to 9.53 MMT from 8.77 MMT the previous year

Palm Oil Market Frequently Asked Questions

  1. Who are the major players in the palm oil industry?
  2. The global palm oil market is dominated by two major countries - Indonesia and Malaysia. Indonesia produces 55% and exports 56% of the world palm oil. Malaysia produces 30% and exports 35% of the world palm oil. The other top palm oil-producing countries are Thailand, Colombia, and Nigeria. The other top palm oil exporting country is Benin. 


  1. What are the key drivers of the palm oil market?
  2. As per Beroe’s palm oil industry report, the primary cost driver of the palm oil industry has been found to be the processing cost of palm into a number of other commodities. The key supply drivers of the palm oil industry are the adverse consequences of the El-Nino and low palm oil ending stocks as a result of high export demand amidst low supply. 


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