Americas (Jan – Nov) 2021

Malaysian Palm Oil Exports Performance to Americas Region
(January – November 2021)
A Review on MPO Export Performance
 

Table 1 : A Review on MPO Export Performance (MT) 

 COUNTRYJan-Nov
2021
Jan-Nov
2020
Diff (MT)Diff (%)
1USA249,140494,306(245,166)(49.6)
2Canada12,44712,1972502.0
3Guatemala11,7891,13910,650935.0
4Trinidad7,2505,6241,62628.9
5Mexico6,6126,3772353.7
6Brazil5,9329,105(3,173)(34.8)
7Dominica3,0384192,619625.1
8Argentina2,9442,26468030.0
9Chile2,3368,030(5,694)(70.9)
10Haiti2,09212,127(10,035)(82.7)
11Guyana2,0602,738(678)(24.8)
12Jamaica1,1421,701(559)(32.9)
13Panama9731,221(248)(20.3)
14Suriname473860(387)(45.0)
15Peru403675(272)(40.3)
16Venezuela357233341,452.2
17Uruguay26967202301.5
18Barbados185268(83)(31.0)
19St. Lucia147786988.5
20Cuba143404(261)(64.6)
21Antigua13213110.8
22Tobago87541(454)(83.9)
23Colombia87639(552)(86.4)
24St Vincent and the Grenadines864046115.0
25Grenada79211(132)(62.6)
26Paraguay404N/A
27Dominican Republic232(232)(100.0)
28Costa Rica18(18)(100.0)
29St.Kitts and Nevis17(17)(100.0)
30El SalvadorN/AN/A
31Neth AntillesN/AN/A
 Grand Total310,207561,452(251,245)(44.7)
Source : MPOB

During January-November 2021 period, total Malaysian palm oil export to the Americas region recorded a total volume of  310,207 MT against 561,452 MT which was registered during the same period of 2020 (refer to Table 1). This represents a decline of 251,245 MT or by 44.7%.

In terms of breakdown to the Americas region, the biggest product being exported to the region during Jan-Nov 2021 period is RBD palm oil accounting for 30% of total exports (refer to Chart 2 and table 3). After RBD palm oil, RBD palm stearin (29%) is another major palm oil product exported into the Americas region, followed by RBD palm olein (25%). Among the major importers of RBD palm oil are the US (80,464 MT), Brazil (2,940 MT) and Chile (1,358 MT). Major destinations for Malaysian RBD palm stearin include the US (76,269 MT), Guatemala (10,200 MT) and Argentina (1,068 MT). Exports of RBD palm olein are mainly purchased by the US (65,059 MT), Canada (5,768 MT) and Trinidad (2,864 MT). NBD palm olein is another major export product, mainly purchased by the US (12,501 MT) and Mexico (5,499 MT).

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)
 Jan-Nov
2021
Jan-Nov
2020
Change
(vol.)
Change
(%)
RBD PO90,347157,528(67,182)(42.6)
RBD PS88,366155,684(67,318)(43.2)
RBD PL78,738180,612(101,874)(56.4)
NBD PALM OLEIN18,00010,9647,03764.2
Others34,75656,664(21,907)(38.7)
Total310,207561,452(265,675)(48.0)
Source: MPOB

The decline in MPO export to the Americas region is largely attributed to lower export to the biggest buyer in the region, the United States (US). During Jan-Nov 2021 period, total MPO exports to US went down to 249,140 MT from 494,306 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.

In terms of product breakdown to the US, RBD palm oil, RBD palm stearin and RBD palm olein are the top three products exported to US comprising almost 90% of the overall MPO export to US (refer to table 4). Export of RBD palm oil decreased by 42.6%, RBD palm stearin decreased by 43.2% while RBD palm olein decreased by 56.4%.

Table 4: MPO Export to USA by Type of Products

Malaysian Palm Oil Export to USA (MT)
 Jan-Nov
2021
Jan-Nov
2020
Change
(vol.)
Change
(%)
RBD PO80,464143,970(63,506)(44.1)
RBD PS76,269154,413(78,144)(50.6)
RBD PL65,059152,360(87,301)(57.3)
NBD PALM OLEIN12,5016,8995,60281.2
Others14,84736,665(21,818)(59.5)
Total249,140494,306(245,166)(49.6)
Source: MPOB  

Canada, another important market for MPO in this region, has been consistently importing palm oil from Malaysia for years. Total MPO export increased by 2% to 12,447 MT during Jan-Nov 2021 period from 12,197 MT registered during same period last year (refer to Table 5). The largest export has been RBD palm olein accounting for 46% of total MPO import by Canada eventhough it registered a drop by 22.8% on year-to-year basis. Second largest import product is HRBD stearin at 1,890 MT followed by RBD palm oil at 1,639 MT.

Table 5: MPO Export to Canada by Type of Products

Malaysian Palm Oil Export to Canada (MT)
 Jan-Nov
2021
Jan-Nov
2020
Change
(vol.)
Change
(%)
RBD PL5,7687,472(1,704)(22.8)
HRBD STEARIN1,8901,66522513.5
PFAD1,17099417617.7
RBD PO1,639791848107.2
Others1,9801,27470555.3
Total12,44712,1972502.0
Source: MPOB

Malaysian palm oil export to Guatemala has recorded the highest increment during Jan-Nov 2021 period after registering an increase by 10,651 MT or by 935.5% which brings the total to 11,789 MT from only 1,139 MT during the same period of last year (refer to Table 6). The largest import for Jan-Nov 2021 period is RBD palm stearin accounting for 86% of total MPO export to Guatemala. Other products imported by Guatemala are HRBD palm olein, registering an increase by 430 MT or by 38.7%.

Table 6: MPO Export to Dominica by Type of Products

Malaysian Palm Oil Export to Guatemala (MT)
 Jan-Nov
2021
Jan-Nov
2020
Change
(vol.)
Change
(%)
RBD PALM STEARIN10,20010,200N/A
HRBD PALM OLEIN1,5401,11043038.7
RBD PALM OLEIN2029(8)(28.3)
Total11,7891,13910,651935.5
Source: MPOB

For more info please contact Mrs Nur Adibah
Email : nuradibah@mpoc.org.my

 

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