What is the price of palm oil per kilogram/pound in China today?
The retail price range for China palm oil is between US$ 0.24 and US$ 0.97 per kilogram or between US$ 0.11 and US$ 0.44 per pound(lb). Click here to see today's exact prices of palm oil in China
The retail price range in Yuan Renminbi for palm oil is between CNY 1.69 and CNY 6.77 per kilogram or between CNY 0.77 and CNY 3.07 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China palm oil is between US$ 0.17 and US$ 0.68 per kilogram or between US$ 0.08 and US$ 0.31 per pound(lb).
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China Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from China over the last five years has seen a steady decline. In 2017, the price was 0.83 US $ per kg, followed by 0.79 US $ per kg in 2018. In 2019, the price dropped to 0.71 US $ per kg and in 2020, it was 0.76 US $ per kg. The latest data shows that the price has increased slightly to 1.04 US $ per kg in 2021. Based on the trend, it is predicted that the export price per kilogram of Palm Oil from China in 2023 will be around 1.17 US $ per kg and in 2024, it will be around 1.30 US $ per kg.The palm oil exports from China are categorised as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
China Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into China has seen a steady decline over the past five years. In 2016, the price was $0.80, followed by $0.83 in 2017, $0.79 in 2018, $0.71 in 2019, and $0.76 in 2020. This downward trend is likely to continue in the coming years, with the price predicted to be $0.72 in 2023 and $0.68 in 2024. This is based on the data from 2012 to 2022, which shows a gradual decrease in the import price per kilogram of Palm Oil into China.Export values for China palm oil
The total values in export for palm oil in China were US$ 185,376, US$ 491,648, US$ 844,672 and US$ 714,848 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Asia: Kazakhstan palm oil, Kyrgyzstan palm oil, Tajikistan palm oil, Turkmenistan palm oil, Uzbekistan palm oil, China palm oil, Hong Kong palm oil, Macao palm oil, North Korea palm oil & Mongolia palm oil.
China palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 1,011,872 tonnes of palm oil. For 2019 alone, the market for China palm oil (processed category) has reduced, flactuating by -5.028 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 71.48 percent bringing the exporter US$714.85m for the year 2019. China's palm oil exports are classified as:
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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China palm oil export values
In 2019, China shipped palm oil with a value of 714.85m USD, a reduction of -15.37% from 2018's total palm oil export of 844.672m USD. The annual change in value of China palm oil between 2017 to 2018 was 71.804 per cent.
The per year variation in the quantity of China's palm oil exports between 2017 and 2019 was 71.48 percent in comparison to a variation of -5.028% in the period between 2018 and 2019.
China's share of the world's total palm oil's exports in 2019 was 1 per cent. The country is ranked number 8 in world exports of palm oil.
Export markets for China palm oil ( in '000$ )
China's leading destinations for palm oil are North Korea, Hong Kong, Mongolia, the Netherlands and Vietnam.
Import/Export Trends
China is a net importer of palm oil. The annual growth of China palm oil in value between 2015 to 2019 was -13%, per year, while annual growth in quantity during the same period was -24%, per annum.
China ordered 271,407,520 tonnes of palm oil in 2019.
Production
The production of palm oil in China was 85,238,400 tonnes in 2019 and is predicted to change by an average of 0.04%. The country had an estimated 6,443,136.00 hectares under palm oil cultivation.