Malaysian Palm Oil Export to South Asia Region
(January-September 2023)
A Review on MPO Export Performance
Table 1: A Review on MPO Export Performance (MT)
| No. | Country | Jan-Sep 2023 | Jan-Sep 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|---|
| 1. | India | 2,015,190 | 2,073,000 | (57,810) | (2.79) |
| 2. | Pakistan | 387,992 | 356,371 | 31,621 | 8.87 |
| 3. | Bangladesh | 160,194 | 164,934 | (4,740) | (2.87) |
| 4. | Afghanistan | 182,953 | 136,693 | 46,260 | 33.84 |
| 5. | Sri Lanka | 20,872 | 17,039 | 3,833 | 22.50 |
| 6. | Nepal | 5,683 | 7,603 | (1,920) | (25.25) |
| 7. | Maldives | 4,055 | 5,054 | (999) | (19.77) |
| Grand Total | 2,776,939 | 2,760,694 | 16,245 | 0.59 |
Source: MPOB
During January -September 2023 period, MPO exports to the South Asian region registered a total of 2,776,939 MT against 2,760,694 MT which was registered during the same period of last year, an increase of 16,245 MT or by 0.59%. India holds the biggest market share of 73% as the largest importer of MPO in this region.
Table 2: MPO Exports to India by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Sep 2023 | Jan-Sep 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| CPO | 1,705,197 | 1,635,039 | 70,158 | 4.29 |
| RBD PL | 175,492 | 302,301 | (126,809) | (41.95) |
| RBD PS | 43,014 | 38,732 | 4,282 | 11.06 |
| PFAD | 42,232 | 49,960 | (7,728) | (15.47) |
| CPL | 18,749 | 5,749 | 13,000 | 226.13 |
| CPO FOR RSPO AND ISCC | 16,454 | 25,699 | (9,246) | (35.98) |
| PAO | 6,729 | 9,061 | (2,331) | (25.73) |
| OTHERS | 7,322 | 6,459 | 864 | 13.37 |
| TOTAL | 2,015,190 | 2,073,000 | (57,810) | (2.79) |
Source: MPOB
MPO exports to India during January –September 2023 marginally decreased by 2.79% from 2,073,000 MT to 2,015,190 MT mainly contributed by the easing of Indonesian export policy. Palm oil intake from Indonesia during this period increased by 44% YoY to 3.93 million MT compared to 2.72 million MT imported during the same corresponding period of last year. Imports from Indonesia increased on the back of favourable prices compared to the other major suppliers from Malaysia. This has resulted in the market share of Indonesia in Indian palm oil imports increasing from nearly 40% to 56% taking back the position of major supplier from Malaysia.
Total imports of soft oils (SFO and CDSBO) increased by 27% YoY to 5.55 million MT compared to 4.38 million MT imported in the previous year. Sunflower oil imports during January – September 2023 were higher by 76% YoY to 2.5 million MT compared to 1.41 million MT imported in the previous year and soybean oil imports increased marginally by 3% YoY to 3 million MT. Narrow premium or discount of SFO over rival vegetable oils have led to the surge in imports during this period.
Table 3: MPO Exports to Pakistan by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Sep 2023 | Jan-Sep 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| CO | 176,770 | 159,942 | 16,828 | 10.52 |
| RBD PL | 106,979 | 123,475 | (16,496) | (13.36) |
| CPO | 49,007 | 26,999 | 22,008 | 81.51 |
| RBD PO | 37,042 | 34,065 | 2,977 | 8.74 |
| PAO | 6,353 | 5,956 | 397 | 6.67 |
| OTHERS | 11,841 | 5,933 | 5,907 | 99.56 |
| TOTAL | 387,992 | 356,371 | 31,621 | 8.87 |
Source: MPOB
MPO exports to Pakistan during January -September 2023 registered a marginal increase to record a total of 387,992 MT from 356,371 MT recorded during the same corresponding period of last year. The exports of cooking oil (CO) remained stable and there has been an increase in the exports of CPO from Malaysia to Pakistan. Total vegetable oil imports in the month of October is expected to be around 225,000 MT out of which approximately 210,000 MT is palm oil which includes PFAD and PKO and the rest is soybean oil.
Table 4: MPO Exports to Bangladesh by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Sep 2023 | Jan-Sep 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| RBD PL | 151,290 | 148,729 | 2,562 | 1.72 |
| PFAD | 3,173 | 1,994 | 1,178 | 59.09 |
| RBDPL FOR RSPO FROM SEGREGATED | 1,991 | 1,510 | 481 | 31.84 |
| RBD PS | 1,254 | 1,726 | (472) | (27.35) |
| CO | 842 | 2,114 | (1,272) | (60.18) |
| RBD PO | 269 | 8,098 | (7,828) | (96.67) |
| OTHERS | 1,375 | 762 | 613 | 80.38 |
| TOTAL | 160,194 | 164,934 | (4,739) | (2.87) |
Source: MPOB
MPO exports to Bangladesh recorded a slight decrease during Jan-Sept 2023 period from 164,934 MT to 160,194 MT during the same corresponding period of last year. Exports of RBD palm olein, PFAD and certified RBD palm olein all went up by 1.72%, 59.09% and 31.84% respectively. Lower exports of RBD palm stearin, cooking oil and RBD palm oil were recorded by 27.35%, 60.18% and 96.67% respectively.
Table 5: Breakdown of MPO Exports (MT)
| PRODUCTS | Jan-Sep 2023 | Jan-Sep 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| CPO | 1,754,204 | 1,662,038 | 92,166 | 5.55 |
| RBD PL | 438,066 | 580,099 | (142,033) | (24.48) |
| CO | 366,698 | 304,616 | 62,082 | 20.38 |
| RBD PS | 52,884 | 42,661 | 10,223 | 23.96 |
| PFAD | 45,963 | 52,301 | (6,338) | (12.12) |
| RBD PO | 40,804 | 45,339 | (4,535) | (10.00) |
| CPL | 36,881 | 23,987 | 12,894 | 53.76 |
| CPO FOR RSPO AND ISCC | 16,454 | 25,699 | (9,246) | (35.98) |
| PAO | 13,246 | 15,017 | (1,771) | (11.80) |
| OTHERS | 11,740 | 8,936 | 2,804 | 31.38 |
| TOTAL | 2,776,939 | 2,760,694 | 16,245 | 0.59 |
Source: MPOB
In terms of breakdown, the biggest product being exported to the region during January -September 2023 period is crude palm oil (CPO) accounting for 63% of overall palm oil imports followed by RBD palm olein (RBD PL) with 16%. These two palm oil products accounted for 79% of the total MPO exports to this region. Among the major importers of Malaysian CPO are India and Pakistan and major destinations for Malaysian RBD PL are India, Pakistan and Bangladesh. Cooking oil (CO) exports have also increased from 304,616 MT to 366,698 MT with major destinations include Pakistan and Afghanistan.
Chart 1: Breakdown of MPO Exports (MT): Jan-Sep 2023
Source: MPOB
For more info please contact Mrs Azriyah Email : azriyah@mpoc.org.my
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