Americas (Jan – Feb) 2021

Malaysian Palm Oil Exports Performance to Americas Region (Jan – Feb 2021) A Review on MPO Export Performance 

Table 1 : A Review on MPO Export Performance (MT)
COUNTRY Jan-Feb 2021 Jan-Feb 2020 Diff (MT) Diff (%)
1 USA 65,579 112,382 -46,803 -41.6
2 Canada 2,933 2,275 658 28.9
3 Dominica 1,787 21 1,766 8,409.50
4 Mexico 1,120 1,108 12 1.1
5 Haiti 1,001 1,618 -617 -38.1
6 Brazil 768 774 -6 -0.8
7 Trinidad 698 1,038 -340 -32.8
8 Chile 655 2,014 -1,359 -67.5
9 Guyana 571 432 139 32.2
10 Argentina 427 342 85 24.9
11 Panama 257 84 173 206
12 Jamaica 238 196 42 21.4
13 Cuba 143 143
14 Guatemala 120 360 -240 -66.7
15 Uruguay 72 22 50 227.3
16 St. Lucia 46 30 16 53.3
17 Colombia 42 22 20 90.9
18 Antigua 22 22 N/A
19 Suriname 22 180 -158 -87.8
20 Costa Rica 18 -18 -100
21 Dominican Rep. 232 -232 -100
22 Peru 240 -240 -100
23 Venezuela 23 -23 -100
24 Tobago 21 -21 -100
25 Barbados 45 -45 -100
26 Grenada N/A N/A
27 St.Kitts and Nevis N/A N/A
28 Guam N/A N/A
29 St. Vincent and The Grenadines N/A N/A
30 El Salvador N/A N/A
31 Neth Antilles N/A N/A
Grand Total 76,501 123,620 -47,119 -38.1
Source : MPOB
Source : MPOB During January-February 2021 period, total Malaysian palm oil export to the Americas region recorded 76,501 MT against 123,620 MT which was registered during the same period of 2020 (refer to Table 1). This represents a decline of 47,119 MT or by 38.1%. In terms of breakdown to the Americas region, the biggest product being exported to the region during Jan-Dec 2020 period is RBD palm olein accounting for 33% of total exports (refer to Chart 2 and table 3). After RBD palm olein, RBD palm oil (31%) is another major palm oil product exported into the Americas region, followed by RBD palm stearin (22%).  Among the major importers of RBD palm olein are the US (21,841 MT), Canada (1,742 MT) and Haiti (604 MT). Major destinations for Malaysian RBD palm oil include the US (21,767 MT), Chile (559 MT) and Argentina (393 MT). Exports of RBD palm stearin also registered a decline with main purchase from the US (16,676 MT), Canada (36.7 MT) and Mexico (18.4 MT). Chart 2: Breakdown of Total MPO Export to the Americas Region Source : MPOB Table 3: Breakdown of Total MPO Export (MT) to the Americas Region
Malaysian Palm Oil Export to the Americas (MT)
Jan-Feb Jan-Feb Change Change
2021 2020 (vol.) (%)
RBD PL 25,376 32,711 (7,335) (22)
RBD PO 23,372 32,939 (9,567) (29)
RBD PS 16,751 38,388 (21,637) (56)
PFAD 2,293 11,941 (9,647) (81)
Others 8,710 7,641 1,069 14
Total 76,503 123,619 (47,116) (38)
Source: MPOB
The decline in MPO export to the Americas region is largely attributed to lower export to the biggest buyer in the region, the United States (US). During Jan-Feb 2021 period, total MPO exports to US went down to 65,579 MT from 112,382 MT recorded during the same period of last year (refer to Table 2). In US, much of the demand for palm oil has dropped due to high domestic soybean production recorded in the 2019/2020 season. Increased local soybean production has curtailed overall oils and fats import by US. According to Oil World, the import of other oils and fats by US are also on a declining trend, particularly import of canola oil which declined by 13% and coconut oil that declined by 16% for the January 2021 period.  However, US still maintain its role as the largest export destination for Malaysian palm oil in the Americas region, where it accounts for 86% of Malaysian palm oil export to the whole region. In terms of product breakdown to the US, RBD palm olein, RBD palm oil and RBD palm stearin are the top three products exported to US comprising almost 89% of the overall MPO export to US (refer to table 4). Export of RBD palm olein decreased by 22.8%, RBD palm oil decreased by 30.2% while RBD palm stearin decreased by 56.4%. Table 4: MPO Export to USA by Type of Products
Malaysian Palm Oil Export to USA (MT)
Jan-Feb 2021 Jan-Feb 2020 Change (vol.) Change (%)
RBD PL 21,841 28,297 (6,456) (22.8)
RBD PO 21,767 31,181 (9,414) (30.2)
RBD PS 16,676 38,212 (21,536) (56.4)
PFAD 1,999 11,499 (9,499) (82.6)
Others 3,295 3,192 103 3.2
Total 65,579 112,382 (46,803) (41.6)
Source: MPOB
Canada, another important market for MPO in this region, has been consistently importing palm oil from Malaysia for years. Total MPO export rose by 28.9% to 2,933 MT during Jan-Feb 2021 period from 2,275 MT registered during same period last year (refer to Table 5). The largest export has been RBD palm olein accounting for 60% of total MPO import by Canada. Second largest import product is HRBD Stearin, registering an increase of more than 66% on year-to-year basis. Table 5: MPO Export to Canada by Type of Products
Malaysian Palm Oil Export to Canada (MT)
Jan-Feb 2021 Jan-Feb 2020 Change (vol.) Change (%)
RBD PL 1,742 1,410 332 23.5
HRBD STEARIN 600 360 240 66.7
RBD PO 199 67 132 196.0
PFAD 198 298 (100) (33.6)
Others 194 140 55 39.1
Total 2,933 2,275 658 28.9
Source: MPOB
Malaysian palm oil export to Dominica has recorded the highest increment during Jan-Feb 2021 period after registering an increase by 1,766 MT or by 8,369.4% which brings the total to 1,787 MT from only 21 MT during the same period of last year (refer to Table 6). The largest import for Jan-Feb 2021 period is cooking oil accounting for 99% of total MPO export to Dominica. Other products imported by Dominica are HRBD palm olein, registering an increase by 20 MT. Table 6: MPO Export to Dominica by Type of Products
Malaysian Palm Oil Export to Dominica (MT)
  Jan-Feb
2021
Jan-Feb
2020
Change
(vol.)
Change
(%)
COOKING OIL 1,767 0 1,767 N/A
HRBD PALM OLEIN 20 0 20 N/A
RBD PALM OLEIN 21.1 (21) (100.0)
Total 1,787 21 1,766 8,369.4
Source: MPOB

For more info please contact Mrs Nur Adibah Email : nuradibah@mpoc.org.my

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