Russia Palm Oil Market Insights
Table of Contents
Russia palm oil export quantities
The volume of palm oil shipped by Russia in 2020 was 12,030 metric tons. In 2019 Russia sold 14,602 tonnes of palm oil. For 2019 alone, the demand for Russia palm oil (processed category) has shrunk, flactuating by -61.205 % compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -61.08 pc earning the country US$11.21m for the year 2019. Russia's palm oil exports are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Russia palm oil export values
In 2019, Russia exported palm oil worth 11.21m USD, a reduction of -62.51% from 2018's total palm oil export of 29.902m USD. The annual change in value of Russia palm oil between 2017 to 2018 was -8.783 pc.
The yearly change in the amount of Russia's palm oil exports between 2017 and 2019 was -61.08% when compared to a variation of -61.205% in the growth rate between 2018 and 2019.
Export markets for Russia palm oil ( in '000$ )
Russia's top destinations for palm oil are Armenia, Georgia, Turkmenistan, Belarus and Ukraine.
Russia bought 1,122,948 tonnes of palm oil in 2019.
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Production of other produce in the Processed category in Russia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea and Black Tea.
See the production of palm oil in other countries across Europe : Georgia palm oil, Albania palm oil, Belarus palm oil, Bosnia and Herzegovina palm oil, Bulgaria palm oil, Croatia palm oil, Czech Republic palm oil, Estonia palm oil, Greece palm oil and Hungary palm oil.