What is the price of palm oil per kilogram/pound in Sierra Leone today?
The retail price range for Sierra Leone palm oil is between US$ 0.82 and US$ 5.47 per kilogram or between US$ 0.37 and US$ 2.48 per pound(lb). Click here to see today's exact prices of palm oil in Sierra Leone
The retail price range in Leone for palm oil is between SLL 20,384.80 and SLL 136,799.20 per kilogram or between SLL 9,244.81 and SLL 62,040.45 per pound(lb) in Freetown and Bo.
Wholesale prices
In 2024, the approximate wholesale price range for Sierra Leone palm oil is between US$ 0.57 and US$ 3.83 per kilogram or between US$ 0.26 and US$ 1.74 per pound(lb).
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Sierra Leone Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Sierra Leone over the last five years has seen a significant decrease. In 2014, the price was 0.83 US dollars per kg, which dropped to 0.32 US dollars per kg in 2015. In 2016, the price rose to 31.01 US dollars per kg, before dropping again to 1.03 US dollars per kg in 2017. The price then decreased further to 0.14 US dollars per kg in 2018 and has remained at 0.00 US dollars per kg in 2019 and 2020. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Sierra Leone will remain at 0.00 US dollars per kg in 2021 and 2022, and may increase slightly to 0.05 US dollars per kg in 2023 and 0.10 US dollars per kg in 2024.The Sierra Leone palm oil exports 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)
Sierra Leone Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Sierra Leone over the last five years has been quite volatile. In 2014, the price was 0.83 US dollars per kg, dropping to 0.32 US dollars per kg in 2015. This was followed by a dramatic increase to 31.01 US dollars per kg in 2016, before dropping back to 1.03 US dollars per kg in 2017. The price then dropped to its lowest point of 0.14 US dollars per kg in 2018, before remaining at 0.00 US dollars per kg in 2019 and 2020. Looking ahead, it is likely that the price of Palm Oil will remain at 0.00 US dollars per kg in 2021. Predicted prices for 2023 and 2024 are 0.00 US dollars per kg.Export values for Sierra Leone palm oil
The total values in export for palm oil in Sierra Leone were US$ 27,412, US$ 1,661, US$ 8,690 and US$ 5,834 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Sierra Leone: 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.
Sierra Leone palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sierra Leone exported 8,870 tonnes of palm oil. For 2019 alone, the interest in Sierra Leone palm oil (processed category) has shrunk, with a change of -85.753 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 448.55 percent earning the exporter US$5.83m for the year 2019. Sierra Leone's palm oil exports are classified as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Sierra Leone palm oil export values
In 2019, Sierra Leone supplied palm oil worth 5.83m USD, a contraction of -32.91% from 2018's total palm oil export of 8.69m USD. The annual reduction in value of Sierra Leone palm oil between 2017 to 2018 was 423.179 pc.
The annual variation in the quantity of Sierra Leone's palm oil exports between 2017 and 2019 was 448.55 percent in comparison to a variation of -85.753% in the period between 2018 and 2019.
Export markets for Sierra Leone palm oil ( in '000$ )
Sierra Leone's top export markets for palm oil are Senegal, Portugal, the Netherlands, United Kingdom (UK) and the Gambia.
Sierra Leone procured 23,221 tonnes of palm oil in 2019.
Production
The production of palm oil in Sierra Leone was 1,029,196 tonnes in 2019 and is projected to change by an average of 1.3%. The country had approximately 135,304.00 hectares under palm oil cultivation.