Togo Palm Oil Market Insights
Togo palm oil export quantities
In 2019 Togo shipped 170,650 tonnes of palm oil. Across 2019 alone, the demand for Togo palm oil (processed category) has escalated, recording a change of 41.498 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 39.96 pc netting the nation US$72.43m for the year 2019. Togo's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Togo palm oil export values
In 2019, Togo exported palm oil worth 72.43m USD, an increment of 18.54% from 2018's total palm oil export of 61.1m USD. The yearly change in value of Togo palm oil between 2017 to 2018 was -13.52%.
The yearly change in the volume of Togo's palm oil exports between 2017 and 2019 was 39.96 pc compared to a variation of 41.498% in the period between 2018 and 2019.
Export markets for Togo palm oil ( in '000$ )
Togo's leading destinations for palm oil are Niger, Benin, Mali, India and Nigeria.
Togo purchased 405,252 tonnes of palm oil in 2019.
Production
The production of palm oil in Togo was 1,268,472 tonnes in 2019 and is estimated to change by an average of 1.28%. The country had an estimated 148,408.00 hectares under palm oil cultivation.