What is the price of palm oil per kilogram/pound in Gabon today?
The retail price range for Gabon palm oil is between US$ 1.91 and US$ 4.78 per kilogram or between US$ 0.87 and US$ 2.17 per pound(lb). Click here to see today's exact prices of palm oil in Gabon
The retail price range in CFA Franc BEAC for palm oil is between XAF 1,194.38 and XAF 2,985.94 per kilogram or between XAF 541.67 and XAF 1,354.17 per pound(lb) in Libreville and Mandji (Port-Gentil).
Wholesale prices
In 2024, the approximate wholesale price range for Gabon palm oil is between US$ 1.34 and US$ 3.34 per kilogram or between US$ 0.61 and US$ 1.52 per pound(lb).
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Gabon Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Gabon over the last five years has been relatively stable. In 2016 and 2017, the price was 0.81 US$ per kg, followed by a slight decrease to 0.52 US$ per kg in 2018. In 2019, the price increased to 0.63 US$ per kg and then to 0.72 US$ per kg in 2020. The most recent year, 2021, saw a significant increase to 1.02 US$ per kg. Based on this data, it is likely that the export price per kilogram of Palm Oil from Gabon will remain around 1.02 US$ per kg in 2023 and 2024.The palm oil exports from Gabon are categorised as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
Gabon Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Gabon over the last five years has been relatively stable. In 2017, the price was 0.88 US$ per kg, followed by 0.52 US$ per kg in 2018. In 2019, the price increased to 0.63 US$ per kg and then to 0.72 US$ per kg in 2020. The highest price was recorded in 2021, at 1.02 US$ per kg. Based on this data, it is likely that the import price per kilogram of Palm Oil into Gabon will remain relatively stable in the next two years, with an estimated price of 0.87 US$ per kg in 2023 and 0.92 US$ per kg in 2024.Export values for Gabon palm oil
The total values in export for palm oil in Gabon were US$ 952, US$ 4,370, US$ 4,699 and US$ 4,179 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Gabon: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Africa: Algeria palm oil, Angola palm oil, Botswana palm oil, Burundi palm oil, Cameroon palm oil, Cape Verde palm oil, Central African Republic palm oil, Comoros palm oil, DRC Congo palm oil & Benin palm oil.
Gabon palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Gabon sold 9,028 tonnes of palm oil. In 2019 alone, the market for Gabon palm oil (processed category) has climbed, changing by 25.546 % compared to the year 2018. Between 2017 and 2019, palm oil's exports grew by 75.88 percent earning Gabon US$4.18m for the year 2019. Gabon's palm oil exports are categorised as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
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Gabon palm oil export values
In 2019, Gabon supplied palm oil with a value of 4.18m USD, a contraction of -11.04% from 2018's total palm oil export of 4.699m USD. The yearly change in value of Gabon palm oil between 2017 to 2018 was 7.529 percent.
The annual/yearly variation in the quantity of Gabon's palm oil exports between 2017 and 2019 was 75.88 per cent in comparison to a variation of 25.546% in the period between 2018 and 2019.
Export markets for Gabon palm oil ( in '000$ )
Gabon's top destinations for palm oil are Mozambique, Germany, Spain, Cameroon and the Netherlands.
Gabon procured 18,067 tonnes of palm oil in 2019.
Production
The production of palm oil in Gabon was 81,164 tonnes in 2019 and is estimated to change by an average of -3.38%. The country had an estimated 24,216.00 hectares under palm oil cultivation.