Palm Oil: Sales to Mexico Grow at 22%

During the first seven months of 2020, exports of palm oil and its derivatives from Central America to Mexican companies totaled $138 million, 22% more than the same period in 2019.

Monday, November 9, 2020

Palm Oil and its Fractions Exports in Central America Al July 31st, 2020  

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Guatemala and Costa Rica, Top Sellers
From January to July 2020 the main exporter of palm oil from Central America to Mexico was Guatemala, with $80 million, followed by Costa Rica, with $75 million, Nicaragua with $28 million, Honduras with $18 million, and Panama with $12 million.

For the period under analysis, exports to Mexico from the five Central American countries increased. In the case of Guatemala, they varied 92% year-on-year, Panama 89%, Nicaragua 87%, Honduras 85% and Costa Rica 83%.

Variation in Regional Exports
Between the first seven months of 2019 and the same period in 2020, the value exported from the region to Mexico grew 22%, from $113 million to $138 million.

For the periods in question the volume exported decreased, in this case by 7%, from 212 thousand tons to 198 thousand tons.

Price of Exports Downwards
In the context of the health crisis resulting from the covid-19 outbreak, the price of Central American exports to Mexico has been on a downward trend.

The figures show that between March and July 2020, the average price per kilo of regional exports fell 19%, from $0.78 to $0.63.

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Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption "Click to interact with graphics"]

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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.

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

Palm Oil: Sales to Mexico Increase 37%

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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"]

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