Monthly Palm Oil Trade Statistics : January – February 2023

  • February 15, 2023
1 month ago
PRODUCT UNIT JAN – FEB 2023 JAN – FEB 2022 CHANGE (MT/RM Mil) CHANGE (%)
CPO Tonnes 554,960 402,962 151,998 37.72
RM Mil 2,202 2,101 102 4.85
PPO Tonnes 1,696,387 1,864,370 (167,983) (9.01)
RM Mil 7,238 10,103 (2,865) (28.35)
PALM OIL Tonnes 2,251,347 2,267,333 (15,986) (0.71)
RM Mil 9,441 12,203 (2,763) (22.64)
CPKO Tonnes 24,226 23,239 987 4.25
RM Mil 104 231 (127) (54.90)
PPKO Tonnes 97,763 113,168 (15,405) (13.61)
RM Mil 597 1,038 (442) (42.53)
PALM KERNEL OIL Tonnes 121,990 136,407 (14,417) (10.57)
RM Mil 701 1,269 (568) (44.77)
PALM KERNEL CAKE Tonnes 413,044 348,240 64,804 18.61
RM Mil 294 241 53 21.97
OLEOCHEMICALS Tonnes 439,025 459,413 (20,388) (4.44)
RM Mil 2,605 3,791 (1,186) (31.28)
FINISHED PRODUCTS Tonnes 84,704 84,424 280 0.33
RM Mil 577 624 (48) (7.61)
BIODIESEL Tonnes 28,938 75,054 (46,116) (61.44)
RM Mil 146 479 (333) (69.52)
OTHERS Tonnes 438,500 336,474 102,026 30.32
RM Mil 676 1,108 (431) (38.94)
TOTAL Tonnes 3,777,547 3,707,346 70,201 1.89
RM Mil 14,440 19,716 (5,276) (26.76)
Exports Imports
2023 2022 2023 2022
Jan 1,137,005 1,159,826 144,937 70,596
Feb 1,114,343 1,111,826 52,446 149,833
Mar   1,281,461   84,871
Apr   1,068,238   76,395
May   1,369,714   50,768
Jun   1,193,917   59,195
Jul   1,325,342   130,615
Aug   1,299,930   145,452
Sep   1,423,196   132,303
Oct   1,505,769   66,349
Nov   1,521,329   47,047
Dec   1,468,448   47,114
Jan-Dec   15,728,996   1,060,538
COUNTRY JAN – FEB 2023 JAN – FEB 2022 CHANGE (MT) CHANGE (%) JAN – DEC 2022
INDIA 401,448 411,165 (9,717) (2.36) 2,898,770
TURKIYE 160,424 159,789 635 0.40 824,771
CHINA 151,931 163,148 (11,218) (6.88) 1,763,640
KENYA 115,094 115,402 (309) (0.27) 763,060
NETHERLANDS 103,795 120,619 (16,824) (13.95) 815,746
IRAN 90,941 18,886 72,055 381.54 458,770
JAPAN 88,689 89,260 (570) (0.64) 564,082
EGYPT 87,953 91,079 (3,127) (3.43) 350,178
SOUTH KOREA 80,957 62,828 18,129 28.85 417,865
PHILIPPINES 72,866 106,718 (33,852) (31.72) 638,718
TOTAL 1,354,097 1,338,894 15,203 1.14 9,495,599
Production End-Stocks
2023 2022 2023 2022
Jan 1,380,410 1,253,581 2,268,198 1,552,477
Feb 1,251,313 1,137,462 2,119,509 1,519,412
Mar   1,411,223   1,474,338
Apr   1,462,053   1,643,974
May   1,461,029   1,523,308
Jun   1,545,111   1,645,836
Jul   1,573,563   1,774,308
Aug   1,725,787   2,094,678
Sep   1,770,441   2,318,202
Oct   1,813,596   2,411,113
Nov   1,680,741   2,288,471
Dec   1,618,853   2,194,809
*Jan-Dec   1,537,787   1,870,077
* Jan – Dec Average
CPO Local Prices
2023 2022
Jan 3,922 5,355
Feb 3,908 5,931
Mar   6,867
Apr   6,678
May   6,873
Jun   6,106
Jul   4,063
Aug   4,169
Sep   3,737
Oct   3,682
Nov   4,088
Dec   3,961
*Jan-Dec   5,126
* Jan – Dec Average Note: Average for Peninsular Malaysia 
COUNTRY JAN – FEB 2023 JAN – FEB 2022 CHANGE (MT) CHANGE (%) JAN – DEC 2022
AFGHANISTAN 37,816 8,808 29,008 329.33 218,798
ALBANIA 13 118 (105) (88.95) 814
ALGERIA 1,955 3,503 (1,547) (44.17) 19,117
ANGOLA 6,872 13,126 (6,254) (47.65) 129,858
ANTIGUA 73 – 73 #DIV/0! 201
ARGENTINA 642 230 412 178.76 2,843
AUSTRALIA 21,323 17,057 4,266 25.01 131,173
BAHRAIN 1,273 924 349 37.73 6,315
BANGLADESH 23,115 50,630 (27,515) (54.35) 227,461
BARBADOS 189 19 170 873.71 893
BELGIUM 1,563 501 1,062 212.24 3,601
BENIN 23,590 21,705 1,885 8.68 92,530
BOSNIA AND HERZEGOVINA 24 24 – – 44
BRAZIL 176 142 34 24.18 9,383
BRUNEI 1,405 594 811 136.42 8,069
BULGARIA 541 22 519 2,386.03 1,490
BULKINA FASO 48 – 48 #DIV/0! 1,354
CAMBODIA 259 217 42 19.36 1,911
CAMEROON 3,417 2,705 712 26.31 11,086
CANADA 2,125 1,423 702 49.34 12,637
CHILE 1,083 224 858 382.55 3,654
CHINA 151,931 163,148 (11,218) (6.88) 1,763,640
COLOMBIA – 13 (13) (100.00) 68
COMOROS 262 488 (227) (46.39) 2,274
CONGO, DEMOCRATIC REP. OF THE 5,128 4,125 1,003 24.32 35,514
COTE D’IVOIRE 7,976 1,754 6,223 354.82 26,915
CROATIA 507 615 (109) (17.65) 10,102
CUBA – 190 (190) (100.00) 451
DENMARK 4,553 6,454 (1,901) (29.45) 33,838
DJIBOUTI 41,763 28,918 12,845 44.42 277,054
DOMINICA 520 172 348 201.99 1,199
EGYPT 87,953 91,079 (3,127) (3.43) 350,178
ERITREA 1,290 – 1,290 #DIV/0! 3,913
ESTONIA 168 – 168 #DIV/0! 2,523
ETHIOPIA 1,028 789 239 30.34 6,913
FIJI 375 213 162 75.94 3,351
FRANCE 132 50 82 164.44 1,473
GABON 1,430 – 1,430 #DIV/0! 1,458
GAMBIA 5,414 1,547 3,867 249.96 11,603
GEORGIA 43 5 38 760.00 1,922
GERMANY 6,718 6,784 (66) (0.97) 39,932
GHANA 14,867 1,596 13,272 831.73 63,255
GREECE 706 706 1 0.09 10,799
GUATEMALA 90 238 (148) (62.23) 1,272
GUINEA 9,831 394 9,437 2,394.96 35,777
GUYANA 418 169 249 147.87 1,540
HAITI 1,045 122 923 756.86 2,567
HONG KONG 486 757 (271) (35.81) 2,914
HUNGARY 206 152 54 35.50 1,296
INDIA 401,448 411,165 (9,717) (2.36) 2,898,770
INDONESIA 386 400 (14) (3.40) 1,785
IRAN 90,941 18,886 72,055 381.54 458,770
IRAQ 1,824 417 1,407 337.68 37,930
ITALY 20,788 50,452 (29,665) (58.80) 266,770
JAMAICA 108 129 (21) (16.49) 1,163
JAPAN 88,689 89,260 (570) (0.64) 564,082
JORDAN 5,291 3,919 1,372 35.01 35,189
KAZAKHSTAN 4,812 2,098 2,714 129.35 23,350
KENYA 115,094 115,402 (309) (0.27) 763,060
KIRIBATI – 20 (20) (100.00) 322
KUWAIT 4,359 3,930 430 10.94 25,020
KYRGYZSTAN – 128 (128) (100.00) 622
LATVIA 40 146 (106) (72.60) 1,504
LEBANON 1,199 519 680 131.09 6,323
LIBERIA 2,048 24 2,024 8,296.72 4,892
LIBYA 194 99 95 96.44 941
LITHUANIA 68 – 68 #DIV/0! –
MACEDONIA – 47 (47) (100.00) 275
MADAGASCAR 12,661 12,201 461 3.78 73,567
MALDIVES 612 1,111 (499) (44.95) 7,974
MALTA 86 – 86 #DIV/0! 112
MARSHALL ISLAND 24 – 24 #DIV/0! 102
MAURITANIA 11,604 9,139 2,466 26.98 51,673
MAURITIUS 621 478 143 30.01 3,021
MAYOTTE 138 – 138 #DIV/0! 40
MEXICO 337 1,833 (1,496) (81.61) 10,450
MICRONESIA FEDERATION 20 19 0 2.14 136
MONGOLIA 211 319 (108) (33.93) 2,127
MONTENEGRO 24 24 0 1.80 289
MOROCCO 7,543 194 7,348 3,780.08 4,340
MOZAMBIQUE 25,572 37,247 (11,676) (31.35) 203,162
MYANMAR 1,928 917 1,011 110.18 43,420
NEPAL 513 69 443 638.73 14,367
NETHERLANDS 103,795 120,619 (16,824) (13.95) 815,746
NEW CALEDONIA – 16 (16) (100.00) 81
NEW ZEALAND 6,322 4,369 1,953 44.69 30,275
NIGER 88 74 14 18.94 3,243
NIGERIA 42,527 10,386 32,140 309.45 227,035
OMAN 14,053 14,397 (344) (2.39) 93,786
OTHER COUNTRIES 3,871 2,721 1,150 42.26 19,656
PAKISTAN 49,238 80,842 (31,603) (39.09) 569,961
PALAU – 20 (20) (100.00) 79
PALESTINE 111 – 111 #DIV/0! 22
PANAMA 465 93 372 398.83 1,067
PAPUA N GUINEA 240 5,599 (5,359) (95.72) 30,178
PARAGUAY 22 23 (1) (5.69) 45
PERU 112 – 112 #DIV/0! 493
PHILIPPINES 72,866 106,718 (33,852) (31.72) 638,718
POLAND 110 – 110 #DIV/0! 555
PORTUGAL 11 4 7 162.56 328
QATAR 4,919 7,371 (2,452) (33.27) 31,341
REUNION 31 – 31 #DIV/0! 81
ROMANIA 241 140 101 72.19 3,334
RUSSIA 613 189 424 224.10 6,157
SAMOA – 21 (21) (100.00) 895
SAO TOME & PRINCIPE 80 – 80 #DIV/0! 143
SAUDI ARABIA 61,181 89,440 (28,260) (31.60) 511,754
SENEGAL 21,178 18,461 2,717 14.72 63,610
SERBIA – 23 (23) (100.00) 579
SEYCHELLES 22 138 (115) (83.78) 668
SIERRA LEONE 290 343 (54) (15.59) 1,141
SINGAPORE 30,963 30,456 507 1.66 240,266
SLOVENIA 165 – 165 #DIV/0! 168
SOLOMON ISLAND 18 – 18 #DIV/0! 296
SOMALIA 11,476 16,597 (5,121) (30.85) 63,487
SOUTH AFRICA 14,573 18,151 (3,578) (19.71) 121,138
SOUTH KOREA 80,957 62,828 18,129 28.85 417,865
SPAIN 24,513 22,472 2,041 9.08 158,087
SRI LANKA 2,402 9,394 (6,992) (74.43) 20,064
ST. VINCENT AND THE GRENADINES 103 – 103 #DIV/0! 54
SUDAN 903 6,472 (5,569) (86.05) 15,250
SURINAME 60 – 60 #DIV/0! 229
SWEDEN 16,467 26,191 (9,724) (37.13) 114,795
SWITZERLAND – 3,125 (3,125) (100.00) 5,302
SYRIA 4,749 16,639 (11,890) (71.46) 41,322
TAIWAN 44,802 37,378 7,424 19.86 227,487
TANZANIA 49,609 32,062 17,547 54.73 249,169
TIMOR-LESTE 75 – 75 #DIV/0! 1,083
TOGO 38,867 28,709 10,158 35.38 135,500
TONGA 77 36 40 110.44 118
TRINIDAD AND TOBAGO 1,459 1,874 (415) (22.15) #N/A
TUNISIA 40 – 40 #DIV/0! 255
TURKIYE 160,424 159,789 635 0.40 824,771
TURKMENISTAN – 92 (92) (100.00) 455
U.A.E 17,626 35,322 (17,696) (50.10) 347,635
U.S.A 31,267 8,997 22,270 247.53 194,167
UKRAINE – 9,152 (9,152) (100.00) 9,266
UNITED KINGDOM 2,246 3,090 (845) (27.34) 14,544
URUGUAY 223 – 223 #DIV/0! 389
UZBEKISTAN 8,066 – 8,066 #DIV/0! 12,404
VANUATU 39 20 19 95.11 398
VIETNAM 32,019 82,740 (50,721) (61.30) 313,881
YEMEN ARAB REP. 23,248 693 22,555 3,256.19 34,074
GRAND TOTAL 2,251,347 2,267,333 (15,985) (0.71) 15,724,996
* Source MPOB

Source : MPOB

*Disclaimer: This document has been prepared based on information from reliable sources. 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.

Share this post: