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Palm oil
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Palm oil related
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Get up-to-date market and supplier info on Palm oil to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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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 market is set to flourish in the coming years according to Beroe’s experts. The palm oil production was 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 was 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 biodiesel industry in 2019 is expected to increase by 9–10 percent to 9.53 MMT from 8.77 MMT the previous year due to the increase in demand in the biodiesel industry.

  • 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
  • The global supply in 2017 of palm oil derivatives production for RBD Olein was 49.3 while the production of RBD Stearin was 12.65. There is a chance of the production slowdown in these 3 years and might also slow down in the near future according to experts.

palm-oil-market-size

Palm Oil Pricing

  • The price of palm oil in Indonesia was $622 per MT while the price in Malaysia was $632 per MT.
  • The processing cost of palm oil determines the final cost.
  • Palm oil prices forecast suggests that there will be an increase in palm oil prices because of a decrease in production.
  • As an edible oil, palm oil’s price depends on various factors.
  • The benchmark price indices include N.W Euro and MPOB.

Palm Oil Market Share

  • When it comes to palm oil market size, it is expected to increase in both production and consumption.
  • The major production region is Indonesia as it produces 55% of the global palm oil production while Malaysia comes next with 30% of production.
  • Thailand produces 3% of palm oil while Colombia and Nigeria produce 2% each.
  • The top exporting country is Indonesia as it exports 56% of palm and palm kernel oil.
  • The next exporting countries are Malaysia and Benin as they export 35% and 1% respectively.
  • The top consuming countries of palm kernel oil and palm oil are India, Indonesia, the EU, China, and Pakistan.
  • India exports 20% of palm oil and vegetable oils. The EU, China, and Pakistan export 15%, 11% and 7% respectively.

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
  6. COVID-19 Impact
  7. Sourcing Location Watch Supplier Watch
  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
  6. RFP
  1. Palm oil Cost and Price Analysis
  2. Price Analysis (Indonesia and Malaysia)
  3. – Price Forecast for Palm Oil
  4. – Procurement Parameters

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Supply of palm oil is estimated to decline in 2019–2020, due to poor and average rainfall, leading to lower yields

Yield of FFB is estimated to decline by >1.5 percent in April/June 2020, leading to tight supplies

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 yea
  • According to experts, the palm oil demand forecast indicates that there is likely to be an increase in demand due to continuous use of palm oil in various industries.

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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