1. Industry Profile 1.1 Overview 1.2 Plantation 1.2.1 Area 1.2.2 Yield 1.3 Processing 1.4 Production 1.5 Stocks 1.6 Exports and imports 1.7 Prices 1.8 World oils and fats
2. Market Trends and Outlook 2.1 World’s top two palm oil producers 2.2 Development of palm oil industry 2.2.1 Industrial and food products 2.2.2 Biomass 2.3 Palm biodiesel 2.4 Crude palm oil tax 2.5 Government incentives 2.6 Sustainable palm oil and biodiversity 2.6.1 Biodiversity conservation 2.6.2 Roundtable On Sustainable Palm Oil (RSPO) 2.7 Market outlook
3. Leading Players and Comparative Matrix 3.1 Leading players 3.1.1 Sime Darby Berhad 3.1.2 IOI Corporation Berhad 3.1.3 Kuala Lumpur Kepong Berhad 3.2 Comparative matrix 3.3 SWOT analysis
4. Tables and Charts Table 1: Summary of the performance of the Malaysian oil palm industry (2014 vs. 2013) Table 2: Oil palm planted area by states (hectares) Table 3: Number and capacities of palm oil sectors in 2014 (mn tonnes) Table 4: Palm oil products processed in 2014 (tonnes) Table 5: Production of oil palm products (2014 vs. 2013) (tonnes) Table 6: Closing stock of oil palm products as of December (2014 vs. 2013)(tonnes) Table 7: Local prices of palm oil products (2014 vs. 2013) (MYR per tonne) Table 8: Export prices of processed palm oil products (2014 vs. 2013) (MYR per tonne) Table 9: Taxation on the Malaysian palm oil sector (as of August 2015) Table 10: Comparison of old and new palm oil export taxes in Malaysia & Indonesia Table 11: SIME’s five-year plantation statistics (2010–2014) Table 12: SIME’s financial summary (2010–Q3/2015) Table 13: IOI’s five-year plantation statistics (2010–2014) Table 14: IOI’s financial summary (2010–Q3/2015) Table 15: KLK’s five-year plantation statistics (2010–2014) Table 16: KLK’s financial summary (2010–Q3/2015) Table 17: Selected peer comparison of key financials Table 18: Selected peer comparison of plantation statistics
Chart 1: Oil palm planted area by category in 2014 Chart 2: Monthly FFB yield (2014 vs. 2013) Chart 3: Monthly CPO yield (2014 vs. 2013) Chart 4: Utilisation rate of palm oil sectors (2014 vs. 2013) Chart 5: Production trend of CPO and CPKO Chart 6: Export of oil palm products by value Chart 7: Export of oil palm products by volume Chart 8: Export of palm oil by destination in 2014 Chart 9: Import of oil palm products by volume (2014 vs. 2013) Chart 10: Average annual price trend of CPO and CPKO Chart 11: World exports of major oils and fats in 2014 Chart 12: World production of major oils and fats (2014 vs. 2013) Chart 13: World major producers of palm oil in 2014 Chart 14: World top two producers of palm oil Chart 15: CSPO production area Chart 16: CSPO and CSPK supply Chart 17: CSPO and CSPK supply by country (June 2014) Chart 18: SIME’s segmental contribution to revenue and profit in FY2014 Chart 19: IOI's segmental contribution to operating profit in FY2014 Chart 20: KLK's FFB production and oil palm planted area
Malaysia Palm Oil Industry Report - 2015 Description
This report profiles Malaysia’s palm oil industry, discussing market trends through 2014 and outlook for 2015 and beyond. The report also highlights leading players in the sector including Sime Darby Berhad, IOI Corporation Berhad and Kuala Lumpur Kepong Berhad.
Following rapid growth in the past few years, the Malaysian palm oil industry went through unprecedented times in 2012 and recovering in 2013. In 2014, the industry climate improved with the average CPO price increasing by 0.5% to MYR2,383.50 per tonne from MYR 2,371 per tonne. Export revenue of palm products rose 3.7% to MYR 63.62bn.
CPO production in 2014 improved to 19.67mn tonnes, up 2.3% from 19.22mn tonnes in 2013. The improvement was attributed to higher national oil extraction rate (OER) and increase in production from new matured areas especially in Sarawak. Palm oil stocks in 2014 increased 1.3% to 2.01mn tonnes from 1.99mn tonnes in the previous year. Higher CPO productions as well as a decline in palm oil exports had contributed to a higher closing stock for the year.
Malaysia’s CPO export duty was suspended from September 2014 to March 2015, followed by an introduction of 4.5% duty in April 2015 and thereafter in May 2015, reverted to zero duties. The government has stated in the Budget 2015 that the allocation for development and promotion of palm oil was reduced by 40% to a total of MYR 24.5mn. Globally, the weather forecast models are predicting a moderate El Nino for 2015. Additionally, CPO production is expected to increase in 2015, however inventory is expected to accumulate towards the last quarter of 2015.
Oil palm planted area increased 3.1% year-on-year, from 5.23mn hectares in 2013 to 5.39mn hectares in 2014.
Production of crude palm kernel oil (CPKO) rose 0.3% to 2.28mn tonnes in 2014.
The average FFB yield dipped 2.1% to 18.63 tonnes per hectare in 2014. Sabah accounted for the highest FFB yield at 21.34 tonnes per hectare, while Kelantan registered the lowest at 11.85 tonnes per hectare.