Malaysian Palm Oil Exports Performance to Americas Region
(January – May 2022)
A Review on MPO Export Performance
Table 1 : A Review on MPO Export Performance (MT)
|Jan-May 2021||Diff (MT)||Diff (%)|
|22||St. Vincent and The Grenadines||21||23||(3)||(11.1)|
|23||St.Kitts and Nevis||17||0||17||N/A|
|Source : MPOB|
During January-May 2022 period, total Malaysian palm oil export to the Americas region recorded a total volume of 71,779 MT against 150,444 MT which was registered during the same period of 2021 (refer to Table 1). This represents a decline of 78,665 MT or by 52.3%. In terms of breakdown to the Americas region, the biggest product being exported to the region during Jan-May 2022 period is RBD palm oil accounting for 36% of total exports (refer to Chart 2 and table 3). After RBD palm oil, RBD palm stearin (22%) is another major palm oil product exported into the Americas region, followed by RBD palm olein (17%).
Chart 2: Breakdown of Total MPO Export to the Americas Region
Source : MPOB
Table 3: Breakdown of Total MPO Export (MT) to the Americas Region
|Malaysian Palm Oil Export to the Americas (MT)|
|NBD PALM OLEIN||7,840||7,157||684||9.6|
MPO exports to the Americas region have decreased, which is mostly attributable to lower exports to the region’s largest consumer, the United States (US). During Jan-May 2022 period, total MPO exports to US went down to 47,691 MT from 119,413 MT recorded during the same period of last year (refer to Table 4). Based on industry feedback, the decline of Malaysian palm oil import by the US is partly due to the US importers being concerned that the supply chain of palm oil imports and shipments from Malaysia may be affected by the withhold release order (WRO) related to FGV and Sime Darby.
On 26 April 2022, Sime Darby Plantation (SDP) had submitted a report to the US Customs and Border Protection (CBP) over forced labour claims. The report includes a detailed assessment of the company’s Malaysian operation mapped against each of the International Labour Organization (ILO) forced labour indicators.
In terms of product breakdown to the US, RBD palm oil, RBD palm stearin and NBD palm olein are the top three products exported to US making up over 70% of the total MPO export to the US (refer to table 4). Export of RBD palm oil decreased by 57.8%, RBD palm stearin decreased by 61.2% while NBD palm olein increased by 10.6%.
Table 4: MPO Export to USA by Type of Products
|Malaysian Palm Oil Export to USA (MT)|
|NBD PALM OLEIN||6,253||5,655||598||10.6|
Brazil, another important market for MPO in this region, has been consistently importing palm oil from Malaysia for years. Total MPO export increased by 328.5% to 6,249 MT during Jan-May 2022 period from 1,458 MT registered during same period last year (refer to Table 5). The largest export has been RBD palm oil accounting for 85% of total MPO import by Brazil. Second largest import product is RBD palm olein at 680 MT, registering a drop by 46.5% on year-to-year basis, followed by crude oil at 115 MT.
Table 5: MPO Export to Canada by Type of Products
|Malaysian Palm Oil Export to Brazil (MT)|
|CO / DPL||115||116||(1)||(0.9)|
Malaysian palm oil export to Canada recorded the third largest export volume after the US and Brazil, registering an decrease by 1,853 MT or by 28% which brings the total to 4,761 MT from only 6,614 MT during the same period of last year (refer to Table 6). The largest export to Canada for Jan-May 2022 period is RBD palm olein accounting for 54% of total MPO export to Canada. Other products imported by Canada are super palm olein, registering an increment by 28 MT or by 3.4% and PFAD which decreased by 271 MT.
Table 6: MPO Export to Mexico by Type of Products
|Malaysian Palm Oil Export to Canada (MT)|
|DFRBD PL / Super PL||876||847||28||3.4|
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