MENA (Jan – Nov) 2020

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 (%)
1 Turkey 536,909 630,179 -93,270 -14.80%
2 Saudi Arabia 335,211 135,300 199,911 147.80%
3 Iran 286,902 508,083 -221,181 -43.50%
4 UAE 98,476 70,249 28,227 40.20%
5 Oman 87,252 24,229 63,023 260.10%
6 Yemen 77,135 62,751 14,384 22.90%
7 Iraq 25,399 10,838 14,561 134.30%
8 Qatar 17,958 25,647 -7,689 -30.00%
9 Kuwait 17,780 24,998 -7,219 -28.90%
10 Syria 15,571 15,978 -407 -2.50%
11 Jordan 11,740 13,054 -1,314 -10.10%
12 Bahrain 8,845 11,771 -2,926 -24.90%
13 Lebanon 7,293 7,375 -82 -1.10%
14 Palestine 141 283 -142 -50.20%
1,526,611 1,540,736 -14,125 -0.92%

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.COUNTRYJan – Nov
2020
Jan – Nov
2019
Diff (Vol)Diff (%)
 1.Egypt147,16639,931107,235268.6%
2.Djibouti116,01046,95169,060147.1%
3. Somalia97,08488,7618,3229.4%
4. Ethiopia19,80363,941-44,139-69.0%
5. Morocco15,5542,33613,217565.7%
6.Sudan14,9886,8388,150119.2%
7. Algeria14,79832,022-17,224-53.8%
8. Tunisia3,3375352,802523.5%
9.Eritrea2,6392,5261134.5%
10.Libya273640-367-57.4%
  431,651284,482147,17051.7%

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) 

PRODUCTJan – Nov
2020
Jan –  Nov
2019
Change (MT)Diff (%)
CPO 17,000 8,4998,502100.0%
CPL 287,024 93,082193,942208.4%
RBDPO 238,341 233,0855,2562.3%
RBDPL 1,079,902 1,216,895-136,994-11.3%
RBDPS 145,611 169,883-24,272-14.3%
CO/DPL 133,152 67,28765,86597.9%
Others 57,233 36,48720,74656.9%
  1,958,263  1,825,217 133,045 7.3%

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.

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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