Malaysian Palm Oil Exports Performance to Americas Region
(January – March 2023)
A Review on MPO Export Performance
Table 1 : A Review on MPO Export Performance (MT)
| No |
Country |
Jan-Mar
2023 |
Jan-Mar
2022 |
Diff (MT) |
Diff (%) |
| 1 |
U.S.A |
41,336 |
17,975 |
23,361 |
130.0 |
| 2 |
Canada |
3,524 |
2,344 |
1,179 |
50.3 |
| 3 |
Trinidad |
2,243 |
2,796 |
(553) |
(19.8) |
| 4 |
Chile |
2,064 |
574 |
1,490 |
259.4 |
| 5 |
Mexico |
1,190 |
1,913 |
(723) |
(37.8) |
| 6 |
Haiti |
1,078 |
1,450 |
(372) |
(25.7) |
| 7 |
Dominica |
1,052 |
194 |
858 |
441.4 |
| 8 |
Argentina |
1,005 |
329 |
676 |
205.3 |
| 9 |
Panama |
582 |
140 |
442 |
315.2 |
| 10 |
Guyana |
547 |
216 |
331 |
152.8 |
| 11 |
Uruguay |
363 |
46 |
317 |
695.0 |
| 12 |
Barbados |
232 |
77 |
156 |
203.2 |
| 13 |
Brazil |
227 |
301 |
(74) |
(24.7) |
| 14 |
Guatemala |
170 |
278 |
(108) |
(39.0) |
| 15 |
Antigua |
142 |
22 |
120 |
543.0 |
| 16 |
Jamaica |
131 |
302 |
(171) |
(56.6) |
| 17 |
St. Vincent And The Grenadines |
121 |
0 |
121 |
– |
| 18 |
Peru |
112 |
0 |
112 |
– |
| 19 |
Dominican Republic |
97 |
0 |
97 |
– |
| 20 |
Grenada |
91 |
0 |
91 |
– |
| 21 |
Suriname |
60 |
23 |
36 |
154.5 |
| 22 |
Paraguay |
43 |
23 |
20 |
88.0 |
| 23 |
Costa Rica |
21 |
0 |
21 |
– |
| 24 |
Colombia |
0 |
13 |
(13) |
(100.0) |
| 25 |
Cuba |
0 |
190 |
(190) |
(100.0) |
| 26 |
Saint Kitts And Nevis |
0 |
17 |
(17) |
(100.0) |
|
Grand Total |
56,430 |
29,225 |
27,205 |
93.1 |
During January-March 2023 period, total Malaysian palm oil export to the Americas region recorded a total volume of 56,430 MT against 29,225 MT which was registered during the same period of 2022 (refer to Table 1). This represents an increase of 27,205 MT or by 93.1%.
In terms of product breakdown to the Americas region, the biggest product being exported to the region during Jan-Mar 2023 period is RBD palm oil accounting for 39% of total exports (refer to Chart 2 and table 3). After RBD palm oil, RBD palm stearin (21%) is another major palm oil product exported into the Americas region, followed by RBD palm olein (15%). Among the major importers of RBD palm oil are the USA (18,591 MT), Chile (1,106 MT) and Guyana (381 MT). Major destinations for Malaysian RBD palm stearin include the USA (10,625 MT), Argentina (388 MT) and Trinidad (370 MT). Exports of RBD palm olein are mainly purchased by the USA (5,940 MT), Canada (1,493 MT) and Trinidad (558 MT). Cooking oil is another major export product, mainly purchased by Trinidad (976 MT) and Mexico (790 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-Mar |
Jan-Mar |
Change |
Change |
|
2023 |
2022 |
(vol.) |
(%) |
| RBD PO |
21,911 |
2,648 |
19,263 |
727.4 |
| RBD PS |
11,715 |
4,572 |
7,143 |
156.2 |
| RBD PL |
8,744 |
6,301 |
2,443 |
38.8 |
| Cooking Oil |
4,971 |
4,566 |
405 |
8.9 |
| NBDPL |
3,300 |
4,003 |
(703) |
(17.6) |
| Others |
5,790 |
7,136 |
(1,346) |
(18.9) |
| Total |
56,430 |
29,225 |
27,205 |
93.1 |
| Source: MPOB |
The increase in MPO export to the Americas region is largely attributed to higher export to the biggest buyer in the region, the United States (USA). During Jan-Mar 2023 period, total MPO exports to USA went up to 41,336 MT from 17,975 MT recorded during the same period of last year (refer to Table 4).
In terms of product breakdown to USA, RBD palm oil, RBD palm stearin and RBD palm olein are the top three products exported to the USA comprising almost 90% of the overall MPO export to USA (refer to table 4). Export of RBD palm oil increased by 882.5%, RBD palm stearin increased by 139.3% while RBD palm olein increased by 115.8%.
The positive increment of Malaysian palm oil export to the USA came after US CBP lifted a two-year import ban on palm oil and palm products produced by Sime Darby Plantation (SDP). SDP was previously blocked by US CBP from entering the US over suspected abusive labour practices. In February 2023, US CBP determined that SDP products were no longer produced with forced labour. In addition, the Indonesian government has curbed its palm oil export due to low stocks and all of these factors will contribute to the boost in Malaysian palm oil import demand by the USA.
On a global basis, the total growth rate of palm oil export has increased sharply when compared to the export amount in 2022. Most of the growth in total palm oil export was contributed by export to Asian countries especially China and India as well as EU, USA and some African countries. Global palm oil stocks has declined sizably during the past few months in the producing countries, primarily in Indonesia and Malaysia.
Table 4: MPO Export to USA by Type of Products
| Malaysian Palm Oil Export to USA (MT) |
| |
Jan-Mar 2023 |
Jan-Mar 2022 |
Change(vol.) |
Change(%) |
| RBD PO |
18,591 |
1,892 |
16,699 |
882.5 |
| RBD PS |
10,625 |
4,441 |
6,184 |
139.3 |
| RBD PL |
5,940 |
2,753 |
3,188 |
115.8 |
| NBD PL |
3,300 |
3,502 |
(202) |
(5.8) |
| Others |
2,880 |
5,387 |
(2,507) |
(46.5) |
| Total |
41,336 |
17,975 |
23,361 |
130.0 |
| Source: MPOB |
Canada, another important market for MPO in this region. Total MPO export increased by 50.3% to 3,524 MT during Jan-Mar 2023 period from 2,344 MT registered during same period last year (refer to Table 5). The largest export has been RBD palm olein accounting for 42% of total MPO import by Canada which has registered an increment by 4.3% on year-to-year basis. Second largest import product is PFAD at 925 MT followed by DFRBD PL at 916 MT.
Table 5: MPO Export to Canada by Type of Products
| Malaysian Palm Oil Export to Canada (MT) |
|
Jan-Mar 2023 |
Jan-Mar 2022 |
Change (vol.) |
Change (%) |
| RBD PL |
1,493 |
1,431 |
62 |
4.3 |
| PFAD |
925 |
300 |
625 |
208.3 |
| DFRBD PL / Super PL |
916 |
199 |
717 |
360.3 |
| RBD PO |
65 |
75 |
(10) |
(12.9) |
| Others |
125 |
339 |
(215) |
(63.2) |
| Total |
3,524 |
2,344 |
1,179 |
50.3 |
| Source: MPOB |
For more info please contact Mrs Nur Adibah
Email : nuradibah@mpoc.org.my
