Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The Latin America palm oil market attained almost 4 million metric tons in 2020. The region accounts for 6.2% of the global production.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Although its share is comparatively smaller than the 85% to 90% share of Indonesia and Malaysia, Latin America's projected robust growth of its palm oil production will contribute to the growth of the global market in the forecast period. The global market is expected to grow at a CAGR of almost 1.9% in the forecast period of 2022-2027.
Colombia is the fourth largest producer of palm oil in the world, just behind Indonesia, Malaysia, and Thailand and is the leading producer in the Latin America region. The market in Colombia accounts for 6% of the country’s total GDP. Its production in the country suffered in 2016 due to the climatic conditions caused by the El Nino phenomenon. However, the production recovered in 2017, witnessing a 42% increase from 2016. In 2017, 1.6 million metric tons of crude palm oil was produced in the country. A significant proportion of the palm oil produced in the country is exported. More than half the exports by Colombia is bound towards Europe, especially to countries like Spain and Germany In 2017, palm oil-related exports reportedly generated USD 414 million in export revenues.
Ecuador is also a significant producer in the Latin America market, falling just behind Colombia, Guatemala, and Honduras. The average annual output of CPO (Crude Palm Oil) in Ecuador is 0.7 million metric tons, which is grown in around 2,80,000 hectares of land. It is the largest exporter of CPO in South America, exporting 60% of its production of CPO.
Palm oil is a superior quality oil which originated in West Africa and is derived from the oil palm tree. It is primarily grown in tropical countries. It is chiefly used for cooking in emerging economies. Over the years it has found diverse applications in both food and non-food sectors. It is finding increasing use in the home and personal care sector as a component of lipsticks, soaps, detergents, skin-care products, and other cosmetic products. Biofuel is another significant emerging application sector for palm oil.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The application sectors for palm oil can be broadly divided into:
The EMR report looks into the production and consumption of palm oil in Latin America countries like Colombia, Ecuador, Brazil, Mexico, and Guatemala, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
While oil palm and rapeseed are both major oil crops with significant productivity levels, oil palm is five times more productive in its oil yield than rapeseed. Globally, palm oil finds widespread application in food products such as cooking oil, shortenings, and margarine as well as a feedstock for biodiesel. Nearly 70% of the global palm oil production is used in food applications, with personal care applications accounting for 25% and biodiesel accounting for 5%. Palm oil’s application as a biodiesel feedstock is expected to witness a significant growth in the coming decade with the rising demand for alternative energy sources.
Globally, the market is expected to be aided by the rising population and growing income levels. In food applications, palm oil is commonly found in cooking and fry oils, vegetable ghee, and non-dairy creamers. With increasing health consciousness among the people, its use for food applications is expected to see growth.
In Latin America, the expansion of palm oil crops supported by various government schemes is driving the Latin America market, especially in countries like Ecuador, Colombia, Honduras, and Peru. Government subsidies programs encouraging the substitution of illicit crops like cocaine and poppy is providing a further impetus for the increase in the palm oil crops. The projected increase in food consumption in the region will also aid the market growth. Green policies by governments in the Latin America region promoting the use of biodiesel will further propel the market forward. In Colombia, palm oil forms an essential component in the country’s biodiesel industry which is required by law to account for 10% of the total automobile fuel sold in the country. Industrial infrastructure for the processing of palm oil is being consolidated in the region to increase production for exports and domestic demands.
The report analyses the following key players in the Latin America palm oil market looking into their market share, capacity, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
The EMR report gives an in-depth analysis of the market by providing a SWOT as well as Porter’s five forces analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Food Products, Consumer Products, Energy|
|Breakup by Region||Colombia, Ecuador, Brazil, Mexico, Guatemala, Others|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, Reforestadora de Palmas del Petén SA (REPSA), Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6.1 Latin America
7 Industry Opportunities and Challenges
8 Global Palm Oil Market Overview
8.1 Key Industry Highlights
8.2 Global Palm Oil Historical Market (2017-2021)
8.3 Global Palm Oil Market Forecast (2022-2027)
8.4 Global Palm Oil Market by Region
8.4.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Latin America Palm Oil Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Palm Oil Historical Market (2017-2021)
9.3 Latin America Palm Oil Market Forecast (2022-2027)
9.4 Latin America Palm Oil Market by Application
9.4.1 Food Products
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
9.4.2 Consumer Products
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
9.5 Latin America Palm Oil Market by Region
9.5.1 Market Share
10 Regional Analysis
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.5.1 Historical Trend (2017-2021)
10.5.2 Forecast Trend (2022-2027)
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code: 1511)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Wilmar International Ltd
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
15.2.2 Cargill, Incorporated
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
15.2.3 Bunge Limited
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
15.2.4 Archer Daniels Midland Company
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
15.2.5 Reforestadora de Palmas del Petén S.A. (Grupo HAME)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
16 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Palm Oil Market: Key Industry Highlights, 2017 and 2027
2. Latin America Palm Oil Market: Key Industry Highlights, 2017 and 2027
3. Latin America Palm Oil Historical Market: Breakup by Application (Million Metric Tons), 2017-2021
4. Latin America Palm Oil Market Forecast: Breakup by Application (Million Metric Tons), 2022-2027
5. Latin America Palm Oil Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
6. Latin America Palm Oil Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
7. Major Exporting Countries by Value
8. Major Importing Countries by Value
9. Major Exporting Countries by Volume
10. Major Importing Countries by Volume
11. Latin America Palm Oil Market Structure
The Latin America palm oil market reached a volume of 4 million metric tons in 2020.
The market is projected to be driven by the global market, which grew at a CAGR of about 1.9% in the forecast period of 2022-2027.
The major drivers of the industry include rising disposable incomes, increasing population, and the increasing health consciousness.
The introduction of green policies by governments is expected to be a key trend guiding the growth of the industry.
Colombia, Ecuador, Brazil, Mexico, and Guatemala, among others, are the leading regions in the market.
The major application sectors of the product are foods products, consumer products, and energy.
The leading players in the market are Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, and Reforestadora de Palmas del Petén S.A. (Grupo HAME), among others.
The Latin America palm oil market attained a volume of 4 million metric tons in 2020, driven by the rising health consciousness. The market is expected to aided by the growth of the global market, which is expected to witness a moderate growth in the forecast period of 2022-2027, growing at a CAGR of 1.9%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the market can be segmented into foods products, consumer products, and energy. The major regional markets are Colombia, Ecuador, Brazil, Mexico, and Guatemala, among others. The key players in the above industry include Wilmar International Ltd., Cargill, Incorporated, Bunge Limited, Archer Daniels Midland Company, and Reforestadora de Palmas del Petén S.A. (Grupo HAME), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.