MENA (Jan – Aug) 2021

Malaysian Palm Oil Exports Performance to Middle East & North Africa (MENA) Region
(Jan – Aug 2021)
A Review on MPO Performance

Middle East

No.COUNTRYJan – Aug
2021
Jan – Aug
2020
Diff (MT)Diff (%)
1.Turkey 434,745 433,599 1,1460.3%
2.Iran 357,555 189,920 167,63688.3%
3.Saudi Arabia 192,099 244,232 (52,133)-21.3%
4.UAE 105,010 70,619 34,39148.7%
5.Yemen 82,968 69,527 13,44119.3%
6.Oman 56,213 67,924 (11,711)-17.2%
7.Jordan 23,089 9,264 13,826149.2%
8.Qatar 15,737 15,017 7214.8%
9.Kuwait 15,716 13,427 2,28917.0%
10.Syria 9,801 8,050 1,75121.7%
11.Iraq 8,472 24,474 (16,002)-65.4%
12.Lebanon 4,295 5,444 (1,149)-21.1%
13.Bahrain 3,812 7,296 (3,484)-47.7%
 Palestine 180 141 3827.2%
   1,309,692 1,158,933 150,76013.0%

Source : MPOB 

Imports of Malaysian palm oil Middle East registered a volume of 1,309,692 MT which is 150,760 MT or 13% higher compared to the same period of 2020. Turkey is the leading importer of Malaysian palm oil in this region with a volume of 434,745 MT although the growth is marginal.  Demand from Turkey market has stabilized after the country resumed its business operation after the Covid 19 lockdowns. In addition, the country has secured substantial amount of sunflower oil after imposing tax holiday on sunflower seed import, which resulted in an 18% increase in sunflower seed imports from 488,000MT to 574,600MT.

Imports of Malaysian palm oil by Iran from January to August 2021 showed substantial growth of 88.3% from 189,920 MT to 357,555 MT.  This can be attributed to the shortage of oils and fats faced by the country and low stocks which prompted Iran to intensify the purchase of oils and fats including palm oil. The negotiation between Iran and US on sanction negotiation has been stalled with possibility of new sanction imposed by the USA.

Imports of Malaysian palm oil by Saudi Arabia declined to 192,099 MT from 244,232 MT or by 21.3% compared to the volume imported in the same period of 2020. This was due to an increase in the imports of Indonesian palm oil as data showed that from January to July 2021, the country imported almost 135,000 MT of Indonesian palm oil against just 48,000 MT in 2020. In addition, higher soybean imports by the country also contributed to the lower Malaysian palm oil import in 2021.

North Africa

No.COUNTRYJan – Aug
2021
Jan – Aug
2020
Diff (Vol)Diff (%)
1.Djibouti 106,523 89,672 16,85118.8%
2.Egypt 102,298 97,948 4,3504.4%
3.Somalia 44,117 80,635 (36,518)-45.3%
4.Algeria 17,782 10,505 7,27769.3%
5.Ethiopia 9,561 10,338 (777)-7.5%
6.Sudan 7,581 5,293 2,28843.2%
7.Eritrea 1,948 2,639 (691)-26.2%
8.Morocco 750 8,631 (7,880)-91.3%
9.Libya 322 249 7329.3%
10.Tunisia – 3,334 (3,334)-100.0%
   290,882 309,244 (18,362)-5.9%

Source : MPOB

From January to August 2021, imports of Malaysian palm oil by North Africa region recorded a volume of 290,882 MT, which is 18,362 MT or 5.9% lower compared with the same period of 2020. Imports by Djibouti and Egypt went by 18.8% and 4.4%, but imports by Somalia and Ethiopia dropped by 45.3% and 7.5% respectively.

Imports of Malaysian palm oil by Egypt during this period was registered at 102,298 MT, an increase of 4,350MT or 4.4% compared to the same period in 2020.  The opening up businesses and tourism sectors has stimulated demand for palm oil both from Malaysia and Indonesia.  Egypt’s import of Indonesian palm oil went up from 310,000 MT to 527,000 MT during Jan – July 2021.

Malaysian palm oil imports by Algeria during this period showed a positive growth of 7,277 MT or by 69.3%, but imports by Morocco and Tunisia dropped significantly.  While Morocco import of Malaysian palm oil dip by 91.3%, Tunisia imports of Malaysian palm oil is nonexistence.

Western Balkan

Balkan region, comprises of Bosnia & Herzagovina, Serbia, Montenegro, Macedonia, Serbia & Montenegro and Kosovo imports a small volume of Malaysian palm oil.  For the period of Jan – August, the region imported 909 MT Malaysian palm oil which was 51.9% lower than the corresponding period of last year.  The region is a sunflower seed producer and higher sunflower seed output has negatively affected palm oil imports.

ProductsJan – Aug 2021Jan – Aug
2020
Changes
(MT)
Changes
(%)
Jan – Dec
 2020
Serbia389883         (494)-55.9%1,031
Montenegro235354         (119)-33.6%398
Macedonia173629         (456)-72.5%817
Serbia & Montenegro880            88  
Bosnia & Herzegovina2424             –  048
Kosovo               –    
Total9091890         (981)-51.9%2,294

Breakdown of MPO Exports (MT)

PRODUCTJan – Aug
2021
Jan – Aug
2020
Change (MT)Diff (%)
CPO                             –  6,502(6,502)-100%
CPL                122,911 226,940(104,029)-46%
RBD PO                188,813 189,776(963)0.5%
RBD PL              1,017,590 807,236 210,35426%
RBD PS                 125,612 102,224 23,38823%
CO/DPL                129,857 111,613 18,22416%
Others                   16,699 32,276(15,577)-48%
               1,601,483 1,470,067 131,4169%

Source: MPOB

RBD PL accounted for 63% of the total Malaysian palm oil imported by the region during the reviewed period. The volume has increased by 26%. CPL, which accounted for 8% of the total palm oil imported, recorded 46% declined as Saudi Arabia reduced its CPL imports. RBD PO, RBD PS and Cooking, accounted for 12%, 8% and 8% market share respectively.

Source: MPOB

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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