MENA (Jan – July) 2021

Malaysian Palm Oil Exports Performance to Middle East & North Africa (MENA) Region
(Jan – July 2021)
A Review on MPO Performance

Middle East

No.COUNTRYJan – July
2021
Jan – July
2020
Diff (MT)Diff (%)
1.Iran337,141155,486181,654116.8%
2.Turkey380,816408,540(27,724)-6.8%
3.Saudi Arabia152,151218,076(65,925)-30.2%
4.UAE95,96949,07246,89795.6%
5.Yemen71,53763,3798,15812.9%
6.Oman53,39255,827(2,435)-4.4%
7.Kuwait14,67012,7271,94215.3%
8.Qatar14,34214,1342091.5%
9.Syria8,8966,9021,99428.9%
10.Iraq8,09524,474(16,379)-66.9%
11.Lebanon3,9625,319(1,357)-25.5%
12.Bahrain3,4406,915(3,475)-50.2%
13.Palestine180938793.2%
  1,144,5901,020,943123,64712.1%

Source : MPOB                                                                                                              

During the review period of Jan – July 2021, the Middle East region imported 1.14 million of Malaysian. This volume was 12% higher than the volume recorded in the same period of 2020. Iran emerged as the leading importer of Malaysian palm oil with an import volume of 337,141 MT, an increase of 116% compared to only 155,486 MT in the same period of 2020. The main reason for the higher import was due to better accessibility to their market resulting for the easing of US led sanctions against the country.

However, imports by the other two leading Malaysian palm oil importers, Turkey and Saudi Arabia dropped by 6.8% and 30.2% respectively compared to the same period of 2020.  Turkey’s import declined due to the country intensifying imports of soybean and sunflower oils while imports of Malaysian palm oil by Saudi Arabia declined by 36.9% due to their preference for Indonesian palm oil is observed as one of the factors contributing to lower Malaysian palm oil offtake.  As of January to June 2021, the country imported 124,000 MT of Indonesian palm oil against just 43,000 MT in 2020.  In addition, higher soybean imports by the country also contributed to the lower Malaysian palm oil import in 2021. Other markets recorded higher intake of Malaysian palm oil are the UAE, Yemen, Kuwait, Qatar, Syria and Palestine.

North Africa

No.COUNTRYJan – July
2021
Jan – July
2020
Diff (Vol)Diff (%)
1.Djibouti98,01781,39816,62020.4%
2.Egypt86,04493,589(7,545)-8.1%
3.Somalia37,17976,548(39,369)-51.4%
4.Jordan17,7707,49310,277137.2%
5.Algeria16,88110,0336,84968.3%
6.Ethiopia8,6437,4391,20416.2%
7.Sudan4,7624,792(31)-0.6%
8.Eritrea1,9481,65629117.6%
9.Tunisia3,334(3,334)-100.0%
10.Morocco7298,501(7,773)-91.4%
11.Libya3222497329.3%
  272,294295,032(22,738)-7.7%

  Source : MPOB

North Africa imports of Malaysian palm oil during Jan – July period was recorded at 272,294 MT, which is 7.75% lower than the volume imported in the same period of 2020.   Djibouti is the main export destination of Malaysian palm oil in the region with import of 98,017 MT, 20.4% higher than the previous year. Despite higher import volume from Djibouti, it is not able to offset the decline recorded in other markets especially Egypt and Somalia, where imports went down by 8% and 51% respectively.

Imports of Malaysian palm oil by these markets were much lower, as they are struggling economically, due to poor agriculture output and income.  With the price of palm oil hovering above RM4,000?MT and the increase in other food prices, the region is struggling with their essential food purchasing.


Breakdown of MPO Exports (MT)


PRODUCT
Jan – July
2021
Jan – July
2020
Change (MT)Diff (%)
CPO6,502-6,502-100.0%
CPL108,900201,191-92,291-45.9%
RBD PO174,170172,1532,0171.2%
RBD PL891,887726,242165,64522.8%
RBDPS110,350106,1854,1653.9%
Cooking Oil116,88086,93229,94834.4%
Others14,69716,770-2,073-12.4%
 1,416,8841,315,975100,9097.7%

Source: MPOB

RBD PL accounted for 63% of the total Malaysian palm oil imported by the region during the reviewed period.  The volume has increased by 22.8%.  CPL, which accounted for 8% of the total palm oil imported, recorded 45.9% declined as Saudi Arabia reduced its CPL imports.  RBD PO, RBD PS and Cooking, accounted for 12%, 7% and 7% market share respectively.



Source: MPOB

For more info please contact Mrs Fatimah
Email : fatimah@mpoc.org.my

*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

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