Malaysian Palm Oil Exports Performance to Middle East & North Africa (MENA) Region
(Jan – Feb 2020)
A Review on MPO Performance
Middle East (East of Suez)
|No.||COUNTRY||Jan – Feb 2020||Jan – Feb 2019||Change (MT)||Change (%)|
Import by the Middle East market in the first two months, Jan – Feb 2020 recorded positive growth of 51.27% or 82,426 MT. Increase in import were recorded by most of the countries with the exception of UAE, Yemen, Qatar, Oman, Qatar and Syria. Turkey is the main importer of Malaysian palm oil, accounting for 38.7% and the country has increased its imports by 15.73%. The most significant import growth were recorded by Saudi Arabia and Iraq, which grew by almost 3 and 10 folds respectively during these two months.
Another reason for the higher import by Turkey is to compensate lower import in January. Higher import by Saudi Arabia is believed to be the effect of India ban where Indonesian palm oil supply is diverted to India market and Malaysian palm oil is filling the gap in Saudi market.
North Africa (West of Suez)
|No.||COUNTRY||Jan – Feb 2020||Jan – Feb 2019||Diff (Vol)||Diff (%)|
North Africa import of Malaysian palm oil in January and February went up by 14.3% or 8,717 MT. Somalia leads the market with imports of 18,454 MT, an increase of 44.2% against the previous year. Djibouti and Ethiopia, two major markets which dominates imports of Malaysian palm oil in the region declined by 10.4% and 93% respectively. The foreign currency shortage continues to hamper Ethiopia and the situation is worsened by the outbreak of COVID 19 and low crude oil price. Tunisia imports of Malaysian palm oil went up from just 84 MT to 3,229 MT and according to trade source, Malaysian palm oil has become more competitive and readily available.
Breakdown of MPO Exports (MT) Jan – Feb 2020
|PRODUCT||Jan – Feb 2020||Jan – Feb 2019||Diff (MT)||Diff (%)|
|CO / DPL||9,382||14,307||(4,925)||-34.42%|
RBD PL accounted for 44.4% of the total Malaysian palm oil imported by the region during January and February 2020. CPL has also commanded greater share of Malaysian palm oil (24.3%), followed by RBD PO with 16.75%. CPL was imported by Saudi Arabia and higher CPL import was attributed to greater demand by the country for their domestic vegetable oil processing units.
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