Palm Oil: Business with Spain Still Rising

During the first half of 2019, exports from Central America of palm oil and its fractions reached $333 million, and sales to companies in Spain increased by 93% compared to the same period in 2018.

Friday, December 20, 2019

Export of palm oil from Central America Al June 30th, 2019  

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Guatemala, Main Seller
In the first six months of 2019, Guatemala was the largest exporter of palm oil in the region, selling $158 million, followed by Honduras with $107 million, Costa Rica with $60 million, Panama with $7 million, Nicaragua with $0.8 million and El Salvador with $0.1 million.

Mexico, Top Buyer
From January to June 2019, 23% of the value exported from Central America was destined for Mexico, 21% for the Netherlands, 20% for Spain and 8% for Germany.

Regional Business Downwards
Between January and June 2018 and the same period in 2019, the value of palm oil exports recorded a 13% decrease, falling from $383 million to $333 million.

Price Falls Again
After the period from February 2016 to March 2017, the average price of Central American exports reported a 37% increase, rising from $0.54 per kilo to $0.74 per kilo, this trend was reversed, dropping from $0.70 per kilo in April 2017 to $0.50 per kilo in June 2019.

Note: For this report, prepared by CentralAmericaData, data from SIECA were used.

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More on this topic

Palm Oil: Sales to Mexico Increase 37%

September 2019

During the first half of 2019, exports of palm oil and its fractions from Central America to Mexican companies totaled $87 million, 37% more than reported in the same period of 2018.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]

Palm Oil: Export Price Not Improving

August 2019

In recent years, the average price of palm oil exports from Central America has reported a downward trend, from $1.13 per kilo in May 2012 to $0.53 per kilo in March 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Palm oil: More Business with Spain

December 2018

During the first six months of the year, palm oil sales from Central America reached $383 million, and exports to Spain increased 232% with respect to the first half of 2017.

Figures from the information system on the Palm Oil and its Components market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

The Palm Oil Business in Central America

December 2017

Between January and June 2017, Central American countries exported $378 million worth of palm oil, 22% more than was sold in the same period in 2016.

Figures from the Information System on the Market for Palm Oil and its Derivatives in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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