Malaysian Palm Oil Exports Performance to Middle East & North Africa (MENA) Region
(Jan – Nov 2020)
A Review on MPO Performance
Middle East (East of Suez)
|No.||COUNTRY||Jan – Nov 2020||Jan – Nov 2019||Diff (MT)||Diff (%)|
Import of Malaysian palm oil by the Middle East region during the period of Jan – Nov 2020 recorded a marginal declined of 0.92% or 14,125MT. The decline in import by the region was contributed mainly by Turkey and Iran, the main importers of Malaysian palm oil as both countries recorded 14.8% and 43.5% dropped in their imports respectively.
However, higher imports by Saudi Arabia has compensated the drop as the country’s import of Malaysian palm oil escalated by 147.8% or by almost 200,000 MT. Saudi Arabia, which accounted for 22% of the total Malaysian palm oil export to the Middle East region are sourcing most of their palm oil from Malaysia as the price is more favourable to them. Apart from Saudi Arabia, UAE, Oman, Yemen, Iraq have also increased their Malaysian palm oil imports.
North Africa (West of Suez)
|No.||COUNTRY||Jan – Nov|
|Jan – Nov|
|Diff (Vol)||Diff (%)|
Imports of Malaysian palm oil by the North African market during Jan-Nov recorded an increase of 51.7% or 147,170 MT. The increase was contributed mainlyy by Egypt and Djibouti. These two countries accounted for 61% or 263,176 MT of the total Malaysian palm oil imported by the region. Other markets with positive growth include Somalia (9.4%), Morocco (565.7%), Sudan (119.2%) and Tunisia (523.5%).
Increase in imports of Malaysian palm oil by Egypt, Morocco and Tunisia is contributed by the switching to Malaysian palm oil as there is a shortage of Indonesian palm oil going into the market.
Breakdown of MPO Exports (MT)
|PRODUCT||Jan – Nov|
|Jan – Nov|
|Change (MT)||Diff (%)|
RBD PL accounted for 55% of the total Malaysian palm oil imported by the region during January – November 2020. Major importers of RBD PL include Turkey, Iran, Egypt, Somalia, Oman, Yemen and Djibouti. Despite the huge share, the volume has declined by 11% as compared to the previous year.
CPL has gain higher market share from just 5% in 2019 to 15% this year. The products mostly imported by Saudi Arabia. Duty advantage on crude products has prompted the country to opt CPL import instead of RBD PL. There was also some quantity of CPO volume going into the region specifically to Morocco and Saudi Arabia.
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