What is the price of palm oil per kilogram/pound in Syria today?
The retail price range for Syria palm oil is between US$ 0.86 and US$ 1.15 per kilogram or between US$ 0.39 and US$ 0.52 per pound(lb). Click here to see today's exact prices of palm oil in Syria
The retail price range in Syrian pound for palm oil is between SYP 2,209.15 and SYP 2,945.54 per kilogram or between SYP 1,001.88 and SYP 1,335.85 per pound(lb) in Damascus and Aleppo.
Wholesale prices
In 2024, the approximate wholesale price range for Syria palm oil is between US$ 0.60 and US$ 0.80 per kilogram or between US$ 0.27 and US$ 0.36 per pound(lb).
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Syria Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Syria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $1.45, which increased to $1.60 in 2019. In 2020, the price rose to $1.75, and in 2021 it further increased to $1.90. This year, the export price per kilogram of Palm Oil from Syria is $2.05. This represents a 40.7% increase in the export price over the past five years. Looking ahead, it is likely that the export price of Palm Oil from Syria will continue to increase in the coming years.The exports of palm oil from Syria are classified as:
- 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)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
Syria Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into Syria has seen a steady increase over the past five years. In 2018, the price per kilogram was $1.20, which increased to $1.50 in 2019. In 2020, the price rose to $1.80, and in 2021 it further increased to $2.10. The most recent data shows that in 2022, the price per kilogram of Palm Oil into Syria was $2.40. Overall, the import price of Palm Oil into Syria has seen a steady increase of $0.30 per kilogram each year over the past five years. This trend is likely to continue in the coming years, and it is predicted that the price per kilogram of Palm Oil into Syria will reach $2.70 in 2023 and $3.00 in 2024.Export values for Syria palm oil
The total values in export for palm oil in Syria were US$ 299, US$ 34, US$ 189 and US$ 12 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Syria: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Middle East: Bahrain palm oil, Cyprus palm oil, Iraq palm oil, Israel palm oil, Jordan palm oil, Kuwait palm oil, Lebanon palm oil, Palestine palm oil, Oman palm oil & Qatar palm oil.
Syria palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Syria exported 7 tonnes of palm oil. Across 2019 alone, the interest in Syria palm oil (processed category) has gone down, flactuating by -96.175 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -58.82 percent bringing Syria US$0.01m for the year 2019. Syria's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Syria palm oil export values
In 2019, Syria sold palm oil with a value of 0.01m USD, a decrease of -94.71% from 2018's total palm oil export of 0.189m USD. The yearly change in value of Syria palm oil between 2017 to 2018 was 455.882 percent.
The yearly change in the quantity of Syria's palm oil exports between 2017 and 2019 was -58.82 per cent when compared to a variation of -96.175% in the growth rate between 2018 and 2019.
Export markets for Syria palm oil ( in '000$ )
Syria's best performing export markets for palm oil are Canada, Lebanon and Malaysia.
Syria imported 18,953 tonnes of palm oil in 2019.