Dr Ahmad Fauzi Puasa Deputy Director, Malaysia Institute Economic Research Kuala Lumpur Maritime Park & Spa Resort, Krabi, Thailand 29 August, 2013

Size: px
Start display at page:

Download "Dr Ahmad Fauzi Puasa Deputy Director, Malaysia Institute Economic Research Kuala Lumpur Maritime Park & Spa Resort, Krabi, Thailand 29 August, 2013"

Transcription

1 ASIA PALM OIL CONFERENCE (APOC) 2013: INNOVATING THAILAND S PALM OIL INDUSTRY World Economic Uncertainty Affect the World Palm Oil Industry Dr Ahmad Fauzi Puasa Deputy Director, Malaysia Institute Economic Research Kuala Lumpur Maritime Park & Spa Resort, Krabi, Thailand 29 August, 2013

2 Content World Economic Outlook Oil & Fats Production & Consumption (Palm Oil) Palm Oil Price Malaysia & Indonesia Palm Oil Industry Economic Impact due to World Economic Uncertainty Conclusion

3 World Economic Outlook

4 Global Economic Developments The IMF, in its July 9, 2013 edition of the World Economic Outlook titled Growing Pains, had assessed the global economy to remain subdued. Appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as by a more protracted recession in the euro area. Downside risks to global growth prospects still dominate: while old risks remain, new risks have emerged, including the possibility of a longer growth slowdown in emerging market economies

5 World Economic Outlook Projections (% yoy) Projections Difference from April 2013 WEO published World Advanced Economies United States Euro Area Japan Developing Asia China India ASEAN World Trade Volume (goods and services) Source: IMF's World Economic Outlook July 2013

6 Global Economy % growth f 2014f World GDP US GDP% EU GDP% Japan GDP% Source: IMF January 2013 WEO Update

7

8 Unemployment Rate by Region Source: IMF The unemployment rates are estimated to be a decrease in US, Japan, CIS and LAC with US mark the most significant drop. EA is estimated to have the highest unemployment rate and also the highest rise among the others. US -United States EA -Euro Area MENA -Middle East and North America DA -Developing Asia CIS -Commonwealth of Independent States EE -Eastern Europe LAC -Latin America and the Caribbean

9 Some Vital Statistics of the Major Economies GDP GDP Inflation Jobless Govt. Debt to Country QoQ YoY rate rate Budget GDP USA 1.80% 1.80% 1.80% 7.60% -8.50% % Euro zone -0.30% -1.10% 1.60% 12.20% -3.70% 90.60% China 1.70% 7.50% 2.70% 4.10% -1.50% 23.00% Japan 1.00% 0.40% -0.30% 4.10% -9.20% % India 1.30% 4.80% 4.86% 3.80% -4.80% 67.57% Source: Trading Economics data extracted on 22 July 2013

10 Oil & Fats Production & Consumption (Palm Oil)

11 World Production of Palm Oil PO is the largest produced vegetable oil in the world. In 2012, PO production represented 33% of the world total vegetable oils production (160 Mil.T). Indonesia and Malaysia are the 1 st & 2 nd largest PO producers in the world, representing 85% of the world PO production (52.8 Mil.T) in With increase in PO production, PKO also similarly increased OP fruit can produce 2 types of oils.

12 World Production of 17 Oils and Fats ( 000 T) PO is the world s largest oil produced with annual growth rate of 6.5% from In 2012, PO contributed 33% of the world prod. Of oils & fats. SBO is the 2 nd largest oil produced in the world with annual growth rate of 3.2% from Groundnut, coconut & linseed oils recorded negative annual growth rates for the 7 year period. Oils and Fats Growth Rate (%) 1. Palm Oil 33,952 45,858 52, Palm Kernel Oil 3,989 5,236 5, Soyabean Oil 33,567 40,250 41, Cottonseed Oil 5,007 4,611 5, Groundnut Oil 4,513 4,193 3,851 (2.24) 6. Sunflower Oil 9,821 12,476 14, Rapeseed Oil 16,292 23,995 24, Corn Oil 2,136 2,351 2, Coconut Oil 3,255 3,628 3,244 (0.05) 10. Olive Oil 2,940 3,338 3, Castor Oil Sesame Oil Linseed Oil (0.04) Total Vegetable Oils 117, , , Butter 6,673 7,169 7, Tallow 8,389 8,348 8,347 (0.07) 16. Fish Oil (0.37) 17. Lard 7,544 8,019 8, Total Animal Oils 23,582 24,431 25, Grand Total 141, , , PO vs. Oils and Fats 24% 27% 29% Source: Oil World & MPOB

13 World Major Producers of Palm Oil ( 000 T) No. Country Growth 2012 rate(%) 1 Indonesia Malaysia Thailand Nigeria Colombia Ecuador Papua New Guinea Cote d'ivorie Others TOTAL Source: Oil World & MPOB Since 2006, Indonesia is the world s largest PO producer. PO production in Indonesia increased significantly with annual growth rate of 9.3%. Malaysian PO production increased marginally with annual growth rate of 3.3% from Overall, world annual growth rate for PO prod. was 6.5% ( )

14 World Export of Vegetable Oils PO is the world s largest traded vegetable oil. In 2012, world PO export contributed 59% of world export of vegetable oils (68.8 Min T). Soyabean & Sunflower oils were the 2 nd & 3 rd largest vegetable oils traded in world market in These two oils represented 23% of the world vegetable oils traded in 2012.

15 World Export of 17 Oils & Fats ( 000 T) Oils and Fats Growth Rate (%) 1. Palm Oil 26,511 33,730 36,221 36,536 39,069 40, Palm Kernel Oil 2,099 2,714 3,042 3,065 3,087 3, Soyabean Oil 9,779 10,093 9,278 10,192 9,321 8,995 (1.19) 4. Cottonseed Oil Groundnut Oil Sunflower Oil 3,115 4,081 5,176 4,758 5,342 7, Rapeseed Oil 1,425 2,331 2,578 3,443 3,737 4, Corn Oil Coconut Oil 2,295 1,882 1,857 2,358 1,881 1,975 (2.12) 10. Olive Oil Castor Oil Sesame Oil (0.37) 13. Linseed Oil (2.16) Total Vegetable Oils 47,589 57,078 60,353 62,709 65,038 68, Butter Tallow 2,070 2,200 2,000 2,140 1,902 1,679 (2.95) 16. Fish Oil Lard (1.01) Total Animal Oils 3,581 3,749 3,755 3,790 3,527 3,494 (0.35) Grand Total 51,170 60,827 64,108 66,499 68,565 72, Source: Oil World & MPOB

16 World Major Consumers of 17 Oils and Fats In 2012: In China, P.R. was the largest consumer of 17 oils & fats (19%) with annual consumption growth rate of 4.2% for the past 7 years. EU & India were the 2 nd & 3 rd largest consumers of 17 oils & fats (27%). Indonesia recorded the highest annual consumption growth rate of 10.43% from Only Japan recorded negative annual consumption growth rate of -0.64%. ( 000 T) No. Country Growth Rate (%) 1 China, P.R. 25,728 32,435 34, EU 24,449 30,938 29, India 13,100 17,811 18, USA 15,367 15,392 17, Brazil 4,593 7,537 7, CIS 5,534 6,751 7, Indonesia 4,180 6,349 8, Malaysia 3,267 3,751 4, Pakistan 3,299 3,776 3, Japan 2,845 2,709 2,720 (0.64) 11 Nigeria 1,834 2,397 2, Turkey 2,033 2,129 2, Canada 1,331 1,369 1, South Korea 1,099 1,240 1, Other 30,660 37,369 41, TOTAL 139, , , Source: Oil World

17 Major Importing Countries of PO PO is the most competitively-priced amongst vegetable oils like soya bean, rapeseed & sunflower oils in the world market. Demand for PO comes from both developed and developing countries. Major PO importing countries include India, China, P.R. and EU. Despite India & China having their own vegetable oil crops like soya bean & rapeseed, however, their production is insufficient to cover domestic demand hence the need to import vegetable oils.

18 World Major Consumers of PO ( 000 T) In 2012: PO prod. at Mil.T & 98% was consumed. India was largest PO consuming country (15%) with an annual growth rate of 12.5% for 7 years. Indonesia was the 2 nd largest PO consuming country, i.e. consuming 17% out of its total PO production. M sia consumed 11% out of its total PO production. PO annual consumption growth rate was 1.0%. No. Country Growth Rate (%) 1 India 3,309 6,714 7, China, P.R. 4,340 5,903 6, EU 4,368 5,724 5, Indonesia 3,546 5,419 7, Malaysia 1,965 2,065 2, Pakistan 1,546 1,895 2, Thailand 654 1,230 1, Nigeria 1,107 1,665 1, USA Colombia CIS Egypt (1.25) 13 Japan Turkey Other 10,175 11,914 13, TOTAL 33,655 46,569 51, Source: Oil World

19 Source: US Department of Agriculture This statistic shows the global consumption of vegetable oils from 1995/1996 to 2012/2013, by different oil types.

20 Palm Oil Industrial Domestic Consumption Annual Growth Rate by Country Year of Estimate: 2013 Source: US Department of Agriculture

21

22 A Brief Picture of World Palm Oil Market Palm oil : production, export, import & consumption (for food & non-food purposes) in 2011/2012). All figures are in Million tonnes Source: The AOCS Lipid Library, accessed at

23 THE WORLD CONSUMPTION OF MAJOR VEGETABLE OIL IN 2007/8 Source: Wikipedia 2013

24 WORLD POPULATION 2012

25 Palm Oil Price

26 World Palm Oil Price (Nominal USD) Source: World Bank,

27 Palm Oil Price Forecast (Nominal USD) $/mt Palm oil price forecast Source: World Bank,

28 Source: Benny Lee (2012) CRUDE PALM OIL ANALYSIS: TREND ANALYSIS SHORT-TERM

29 CRUDE PALM OIL ANALYSIS: TREND ANALYSIS LONG-TERM Source: Benny Lee (2012)

30 CRUDE PALM OIL ANALYSIS: FACTOR AFFECTING PALM OIL PRICE Source: Benny Lee (2012)

31 PERCENTAGE PRICE CHANGE OF MALAYSIAN PALM OIL & US SOYBEAN OIL The price of palm oil in recent years correlate highly with the price of soybean Source : USDA

32 Source: MPOB

33 Malaysia & Indonesia Palm Oil Industry Economic Impact due to World Economic Uncertainty

34 Source : USDA, Foreign Agricultural Service, PS&D Online

35 World, Regional and Domestic Economic Outlook Malaysia/Indonesian Palm Oil Export Export Value Output IMPACT ON MALAYSIA AND INDONESIAN ECONOMY Income Employment

36 LEONTIEF INVERSE MATRIX ECONOMIC IMPACT ANALYSIS: Y = (I A ) -1 Where: Y - Output/Household Income/employment Economic Impact I Identity matrix A Coefficient Matrix

37 As predicted by the IMF, palm oil export is expected to shrink 19% in the future (July 2013)

38 Exchange rate RM : US$1.00 Rupiah 10,255: US$1.00

39 ANALYSIS OF RESULTS

40 TOTAL OUTPUT EFFECT FOR MALAYSIA (US$) Sector 10% 15% 19% 20% 1.Oils and Fats 1,042, ,563, ,980, ,085, Oil Palm 369, , , , Wholesale and Retail Trade 151, , , , Petroleum Refinery 51, , , , Banks 42, , , , Crude Oil and Natural Gas 21, , , , Electricity and Gas 21, , , , Motor Vehicles 20, , , , Communication 19, , , , Fertilizers 17, , , , Others 94, , , , Total 2,061, ,091, ,915, ,122,089.42

41 TOTAL HOUSEHOLD INCOME EFFECT FOR MALAYSIA (US$) Sector 10% 15% 19% 20% 1.Oil Palm 104, , , , Oils and Fats 22, , , , Wholesale and Retail Trade 17, , , , Banks 5, , , , Land Transport 3, , , , Restaurants 3, , , , Professional 2, , , , Communication 1, , , , Residential 1, , , , Education 1, , , , Others 7, , , , Total 187, , , ,185.81

42 TOTAL EMPLOYMENT EFFECT FOR MALAYSIA (PERSON) Sector 10% 15% 19% 20% 1.Oil Palm Wholesale and Retail Trade Oils and Fats Restaurants Land Transport Paddy Residential Banks Special Trade Works Education Others Total

43 TOTAL OUTPUT EFFECT FOR INDONESIA (US$) Sector 10% 15% 19% 20% 1.Food products, beverages and tobacco 910, ,365, ,729, ,820, Agriculture, hunting, forestry and fishing 353, , , , Wholesale & retail trade; repairs 104, , , , Finance & insurance 43, , , , Chemicals excluding pharmaceuticals 39, , , , Coke, refined petroleum products and nuclear fuel 38, , , , Other community, social & personal services 37, , , , Mining and quarrying (energy) 35, , , , Land transport; transport via pipelines 31, , , , Hotels & restaurants 31, , , , Others 27, , , , Total 1,907, ,861, ,624, ,815,003.73

44 TOTAL HOUSEHOLD INCOME EFFECT FOR INDONESIA (US$) Sector 10% 15% 19% 20% 1.Food products, beverages and tobacco 89, , , , Agriculture, hunting, forestry and fishing 61, , , , Wholesale & retail trade; repairs 19, , , , Finance & insurance 8, , , , Other community, social & personal services 7, , , , Coke, refined petroleum products and nuclear fuel 5, , , , Land transport; transport via pipelines 5, , , , Hotels & restaurants 4, , , , Chemicals excluding pharmaceuticals 4, , , , Other Business Activities 4, , , , Others 3, , , , Total 248, , , ,742.75

45 TOTAL EMPLOYMENT EFFECT FOR INDONESIA (PERSON) Sector 10% 15% 19% 20% 1.Food products, beverages and tobacco Agriculture, hunting, forestry and fishing Wholesale & retail trade; repairs Finance & insurance Other community, social & personal services Coke, refined petroleum products and nuclear fuel Land transport; transport via pipelines Hotels & restaurants Chemicals excluding pharmaceuticals Other Business Activities Others Total

46 Conclusion

47 IMF predicts that in the future there will be a 19% drop in export of palm oil & palm oil products. As the effect, Malaysian economy is expected to experience a reduction of : 10% 15% 19% 20% Output (US$) 2,061, ,091, ,915, ,122, Income (US$) 187, , , , Employment (person) While for the Indonesian economy, the expected impacts are as follows : 10% 15% 19% 20% Output (US$) 1,907, ,861, ,624, ,815, Income (US$) 248, , , , Employment (person)

48 Based on the price analyses, the palm oil price will eventually increased due to i) World PO consumption is increasing at 6.26% ii) the World GDP is expecting to increase to 3.1% 2013 and 3.8% 2014 iii) the World trade is also expecting to increase to 3.1% 2013 and 5.1% 2014 as well. iv) Palm oil is an important for source of foods which is relate to world population (1.8% growth rate).

49 Here comes your footer Page 49 THANK YOU THANK YOU Dr Ahmad Fauzi Puasa Deputy Director, MIER Kuala Lumpur H/P:

50 Source: IMF s World Economic Outlook April 2013

Contents of Paper. 06-Jan-17 SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM

Contents of Paper. 06-Jan-17 SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM Ahmad Fauzi, Puasa Deputy Director Malaysian Institute of Economic Research (MIER) 17 January 2017 Contents of Paper World

More information

Soybean Trade Growth: A Story of Brazil, the United States, and China

Soybean Trade Growth: A Story of Brazil, the United States, and China United States Department of Agriculture Foreign Agricultural Service October 2017 Soybean Trade Growth: A Story of Brazil, the United States, and China 12-Month Soybean Export Growth Year Ending September

More information

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops Million Tons Million Tons Million Tons United States Department of Agriculture Foreign Agricultural Service August 2018 Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

More information

Share of Brazil s Soybean Exports to China Spikes in August

Share of Brazil s Soybean Exports to China Spikes in August United States Department of Agriculture Foreign Agricultural Service September 2018 Share of Brazil s Soybean Exports to China Spikes in August Monthly Share of Brazil's Soybean Exports to China 85% 75%

More information

Soybean Oil Prices Diverge on Different Supply Situations

Soybean Oil Prices Diverge on Different Supply Situations United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-09 October 2009 Soybean Oil Prices Diverge on Different Supply Situations Soybean Oil Price ($/ton) $900 $850

More information

Coconut Oil Prices Spike

Coconut Oil Prices Spike United States Department of Agriculture Foreign Agricultural Service Coconut Oil Prices Spike Coconut oil prices have surged over the past year in contrast to the general downward trend in other vegetable

More information

China Soybean Imports Stagnant Despite Record Consumption as Production Rebounds

China Soybean Imports Stagnant Despite Record Consumption as Production Rebounds United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 9-08 tember 2008 China Soybean Stagnant Despite Record Consumption as Rebounds Million Tons 60 50 40 30 20 10 0

More information

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 1-11 Sharp Decline in Vegetable Oil Leads to Steeply Higher Prices Commodity prices have been on an upward trend

More information

Regional Vegetable Oil Situation: Cut in Sun Oil Production, Imports Leaves North Africa & the Middle East Looking for Soy & Palm Oil to Fill Demand

Regional Vegetable Oil Situation: Cut in Sun Oil Production, Imports Leaves North Africa & the Middle East Looking for Soy & Palm Oil to Fill Demand United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 09-07 tember 2007 Regional Vegetable Oil Situation: Cut in Sun Oil, Leaves North Africa & the Middle East Looking

More information

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans United States Department of Agriculture Foreign Agricultural Service December 2015 Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans Pakistan, long an importer of soybean meal, is transitioning

More information

China s Rapeseed Meal Imports Rise as Seed Imports Decline

China s Rapeseed Meal Imports Rise as Seed Imports Decline United States Department of Agriculture Foreign Agricultural Service February 2017 China s Rapeseed Meal Rise as Seed Decline Trend in China Rapeseed 12-Month Moving Totals Trend In China Rapeseed Meal

More information

Brazil s Soybean Oil Exports Squeezed by Rising Biodiesel Demand

Brazil s Soybean Oil Exports Squeezed by Rising Biodiesel Demand United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 6-09 e 2009 Brazil s Soybean Oil Exports Squeezed by Rising Biodiesel Demand Soybean Oil Exports and Industrial

More information

U.S. Soybean Prices Fall as Buyers Focus Turns to South America

U.S. Soybean Prices Fall as Buyers Focus Turns to South America United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-10 ruary 2010 U.S. Soybean Prices Fall as Buyers Focus Turns to South America $11.00 Daily U.S. Soybean Cash Price

More information

As China s Soybean Oil Imports Fall, Production Expands

As China s Soybean Oil Imports Fall, Production Expands United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-10 October 2010 As China s Soybean Oil Fall, Expands 12 10 Million Metric Tons 8 6 4 2 0 2006/07 2007/08 China

More information

Growing Fuel Use Limits Exports of Soybean Oil by South America

Growing Fuel Use Limits Exports of Soybean Oil by South America United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 11-09 ember 2009 Growing Fuel Use Limits of Soybean Oil by South America 2006/07 Soybean Oil Distribution Soybean

More information

Weak Real to Boost Brazil s Soybean Exports in 2016

Weak Real to Boost Brazil s Soybean Exports in 2016 United States Department of Agriculture Foreign Agricultural Service October 2015 Weak Real to Boost Brazil s Soybean Exports in 2016 Brazil s exchange rate is having a significant impact on domestic and

More information

U.S. Soybean Exports Forecast to Reach Record

U.S. Soybean Exports Forecast to Reach Record United States Department of Agriculture Foreign Agricultural Service July 2017 U.S. Soybean Exports Forecast to Reach Record 60 Accumulated Exports by Week Total Commitments of Soybeans as of End of June

More information

Early-Season U.S. Soybean Meal Sales Surge

Early-Season U.S. Soybean Meal Sales Surge United States Department of Agriculture Foreign Agricultural Service November 2014 Early-Season U.S. Soybean Meal Sales Surge U.S. soybean meal export commitments (accumulated exports plus outstanding

More information

Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall

Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 08-13 Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall Argentina s soybean oil exports have surged

More information

Eastern Europe: The Untapped and Potential Growth Markets for Malaysian Palm Oil

Eastern Europe: The Untapped and Potential Growth Markets for Malaysian Palm Oil Palm Oil Economic Review and Outlook Seminar 2017 Pullman Kuala Lumpur City Centre, Kuala Lumpur 17 January 2017 Eastern Europe: The Untapped and Potential Growth Markets for Malaysian Palm Oil Puah Chiew

More information

China s Global Peanut Export Share Declines

China s Global Peanut Export Share Declines United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 07-13 China s Global Peanut Export Share Declines U.S. 10% Others 19% Argentina 17% U.S. 11% Others 16% Argentina

More information

Drought in South America to Limit Soybean Exports

Drought in South America to Limit Soybean Exports United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-09 ruary 2009 Drought in South America to Limit Soybean Exports Million Tons 16 14 12 10 8 6 4 2 Annual Change

More information

Explosive Growth in Vegetable Oil Demand Exacerbates Chinese Supply Deficit, Reliance on Imports. Imports

Explosive Growth in Vegetable Oil Demand Exacerbates Chinese Supply Deficit, Reliance on Imports. Imports United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 12-07 ember 2007 Million tons 35 Explosive Growth in Vegetable Oil Demand Exacerbates Chinese Supply Deficit, Reliance

More information

Indian Soybean Meal Exports Unlikely to Recover in 2015/16

Indian Soybean Meal Exports Unlikely to Recover in 2015/16 United States Department of Agriculture Foreign Agricultural Service November 2015 Indian Soybean Meal Exports Unlikely to Recover in Though once a significant regional exporter of soybean meal, India

More information

Rising Coconut Oil Prices Foreshadow Tight Supplies in 2007

Rising Coconut Oil Prices Foreshadow Tight Supplies in 2007 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-07 ruary 2007 Rising Coconut Oil Prices Foreshadow Tight Supplies in 2007 800 Coconut Oil Price: CIF Rotterdam

More information

Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value

Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-07 October 2007 Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value Relative Share Value:

More information

Devaluation Energizes Argentine Soybean Crush

Devaluation Energizes Argentine Soybean Crush United States Department of Agriculture Foreign Agricultural Service March 2016 Devaluation Energizes Argentine Soybean Crush Argentina Quarterly Soybean Crush Volume Exchange Rate* and Constant Dollar

More information

India Soybean Meal Exports: Revised and Rebounding

India Soybean Meal Exports: Revised and Rebounding United States Department of Agriculture Foreign Agricultural Service January 2017 India Soybean Meal Exports: Revised and Rebounding India Soybean Meal Exports Forecast to Rise in 8.0 Data Series Comparison

More information

Palm and Soy Oil Use Expands at Expense of Other Oils

Palm and Soy Oil Use Expands at Expense of Other Oils United States Department of Agriculture Foreign Agricultural Service September 2015 Revised on September 15, 2015 Palm and Soy Oil Use Expands at Expense of Other Oils As global demand for vegetable oil

More information

Developments for Palm Oil in Global Market

Developments for Palm Oil in Global Market Developments for Palm Oil in Global Market American Palm Oil Council American Palm Oil Council US Regional Office for Malaysian Palm Oil Council (MPOC) Presentation Outline Global Oils & Fats Scenario

More information

2016/17 Global Olive Oil Production Down But Prices Stabilize

2016/17 Global Olive Oil Production Down But Prices Stabilize United States Department of Agriculture Foreign Agricultural Service November 2016 Global Olive Oil Down But Prices Stabilize Global Olive Oil and Stocks 4000 3500 5000 Extra Virgin Olive Oil Prices Stabilizing

More information

CHARTS AND PRICE PROJECTIONS

CHARTS AND PRICE PROJECTIONS CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 27 Agricultural Outlook Average Annual GDP Growth Percent Change 9 8 7 6 4 3 2 1 26-216 Canada China EU NMS EU- India Japan Latin America

More information

FAPRI Food and Agricultural Policy Research Institute

FAPRI Food and Agricultural Policy Research Institute 26 WORLD OUTLOOK Presentation Food and Agricultural Policy Research Institute Global Macroeconomic Overview Sustained and widespread real economic growth for the decade averaging 3.1%. Industrialized countries

More information

U.S. Soybeans Facing Stiff Competition from Brazil. Brazil Soybean Export Price (Dollars and Reals) and Exchange Rate

U.S. Soybeans Facing Stiff Competition from Brazil. Brazil Soybean Export Price (Dollars and Reals) and Exchange Rate United States Department of Agriculture Foreign Agricultural Service June, 2018 U.S. Soybeans Facing Stiff Competition from Brazil Brazil Soybean Export Price (Dollars and Reals) and Exchange Rate FOB

More information

Macroeconomic Assumptions

Macroeconomic Assumptions Macroeconomic Assumptions A major factor affecting the global economy this year continues to be weakness in Chinese financial markets and the resulting fallout affecting trading partners dependent on the

More information

Table 1 ANTIGUA AND BARBUDA: MAIN ECONOMIC INDICATORS

Table 1 ANTIGUA AND BARBUDA: MAIN ECONOMIC INDICATORS Antigua Tables 2006 1 Main Indicators 03/11/2006 08:05 AM Table 1 ANTIGUA AND BARBUDA: MAIN ECONOMIC INDICATORS 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 a/ Annual growth rates b/ Gross domestic

More information

Indonesia Palm Oil Industry: Current Status and Outlook 2018

Indonesia Palm Oil Industry: Current Status and Outlook 2018 Indonesia Palm Oil Industry: Current Status and Outlook 2018 M. Fadhil Hasan Director of Corporate Affairs Asian Agri Group Board Member of Indonesian Palm Oil Association (IPOA) Outline World palm oil

More information

World Geographic Shares

World Geographic Shares World Geographic Shares North America South America Europe Africa Asia Australia/ Oceania 18% 13% 7% 22% 33% 6% World Population Shares North America South America Europe Africa Asia Australia/ Oceania

More information

CHARTS AND PRICE PROJECTIONS

CHARTS AND PRICE PROJECTIONS CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 28 Agricultural Outlook Average Annual GDP Growth, 27-217 Percent Change 1 8 8.4 7.92 6 4 4.44 3.67 4.6 4.34 2 2.37 2.17 1.38 2.44

More information

China Tariffs Driving U.S. Soybean Exports To the European Union to a 30-Year High

China Tariffs Driving U.S. Soybean Exports To the European Union to a 30-Year High United States Department of Agriculture Foreign Agricultural Service March 2019 China Tariffs Driving U.S. Soybean Exports To the European Union to a 30-Year High 12-MONTH MOVING TOTAL U.S. SOYBEAN EXPORTS

More information

Bangladesh: A Growing Market for U.S. Soybeans

Bangladesh: A Growing Market for U.S. Soybeans United States Department of Agriculture Foreign Agricultural Service December 2017 Bangladesh: A Growing Market for U.S. Soybeans 100% 310 3 Meal Equivalent Share 90% 80% 70% 60% 50% 40% 30% 20% 10% Animal

More information

OECD FAO Agricultural Outlook

OECD FAO Agricultural Outlook OECD FAO Agricultural Outlook 2018 2027 ca 4. OILSEEDS AND OILSEED PRODUCTS Chapter 4. Oilseeds and oilseed products This chapter describes the market situation and highlights the latest set of quantitative

More information

Strong Brazilian Soybean Sales Expected to Slow Rebound in Argentine Exports

Strong Brazilian Soybean Sales Expected to Slow Rebound in Argentine Exports United States Department of Agriculture Foreign Agricultural Service December 2018 Strong Brazilian Soybean Sales Expected to Slow Rebound in Argentine Exports Oct. 1 - Nov. 30 Brazil Soybean Exports (Million

More information

China is Key to Slow Pace of U.S. Soybean Exports

China is Key to Slow Pace of U.S. Soybean Exports United States Department of Agriculture Foreign Agricultural Service January 2018 China is Key to Slow Pace of U.S. Soybean Exports U.S. and Brazil Soybean Exports by Destination (Accumulated Exports:

More information

2017/18 Olive Oil Export Forecast Rises with Slight Growth in Production

2017/18 Olive Oil Export Forecast Rises with Slight Growth in Production United States Department of Agriculture Foreign Agricultural Service November 2017 Olive Oil Export Forecast Rises with Slight Growth in Production Million Metric Tons 3.4 3.2 3.0 2.8 2.6 Olive Oil Prices

More information

ECONOMIC SURVEY STATISTICAL APPENDIX

ECONOMIC SURVEY STATISTICAL APPENDIX ECONOMIC SURVEY 2017-18 STATISTICAL APPENDIX STATISTICAL APPENDIX : ECONOMIC SURVEY 2017-18 PAGE 1 National Income and Production 1.1 Gross National Income and Net National Income... A1-A2 1.2 Annual

More information

Record U.S. Peanut Exports on Strong Shipments to China and Vietnam

Record U.S. Peanut Exports on Strong Shipments to China and Vietnam United States Department of Agriculture Foreign Agricultural Service September 2016 Record U.S. Peanut Exports on Strong Shipments to China and Vietnam Thousand Metric Tons 800 700 600 500 400 300 200

More information

DEMAND SCENARIOS Palm Oil Consumption Growth Major Consuming Countries Iran s Consumption Trend

DEMAND SCENARIOS Palm Oil Consumption Growth Major Consuming Countries Iran s Consumption Trend 1 By: Msuhaili MPOC DEMAND SCENARIOS Palm Oil Consumption Growth Major Consuming Countries Iran s Consumption Trend MARKET TRENDS AND DRIVERS Palm oil price discount advantage High Productivity: A Favourable

More information

Developments for Palm Oil in Global Market

Developments for Palm Oil in Global Market Developments for Palm Oil in Global Market American Palm Oil Council American Palm Oil Council US Regional Office for Malaysian Palm Oil Council (MPOC) Presenta(on Outline Global Oils & Fats Scenario q

More information

Drought Forecast to Reduce Australian Rapeseed Exports in 2007

Drought Forecast to Reduce Australian Rapeseed Exports in 2007 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 11-06 November 2006 Drought Forecast to Reduce Australian Rapeseed Exports in 2007 1800 1600 1400 1200 1000 800

More information

China 2017/18 Soybean Imports Soar on Appetite for Pork, Aquaculture, and Dairy

China 2017/18 Soybean Imports Soar on Appetite for Pork, Aquaculture, and Dairy United States Department of Agriculture Foreign Agricultural Service June 2017 China Soybean Soar on Appetite for Pork, Aquaculture, and Dairy China: Booming Farmed Aquaculture Production China: Record

More information

FAPRI 2006 Preliminary Baseline December 15-16, 2005

FAPRI 2006 Preliminary Baseline December 15-16, 2005 FAPRI 26 Preliminary Baseline December 15-16, 25 INTERNATIONAL OILSEEDS Tun-Hsiang (Edward) Yu 515-294-815 edyucard@iastate.edu FAPRI Food and Agricultural Policy Research Institute Center for Agricultural

More information

MONTHLY REPORTS PALM OIL JUNE - JULY 2016

MONTHLY REPORTS PALM OIL JUNE - JULY 2016 MONTHLY REPORTS PALM OIL Monthly Prices Movement Palm Oil prices traded mixed with both negative and positive sentiments throughout the month amid volatility in Indian Rupee, Ringgit, weak exports and

More information

Soybean Prices Fall on Rising South American Production

Soybean Prices Fall on Rising South American Production United States Department of Agriculture Foreign Agricultural Service April 2017 Soybean Prices Fall on Rising South American Production Million Tons Change in South America Soybean Production Forecast

More information

316 / World Biofuels: FAPRI 2009 Agricultural Outlook. World Ethanol

316 / World Biofuels: FAPRI 2009 Agricultural Outlook. World Ethanol WORLD BIOFUELS 316 / World Biofuels: FAPRI 2009 Agricultural Outlook World The world ethanol price increased 13.7% in 2008, to $1.76 per gallon. It is projected to decrease by almost 16%, to $1.48 per

More information

Palm Oil the Leader in Global Oils & Fats Supply

Palm Oil the Leader in Global Oils & Fats Supply Palm Oil the Leader in Global Oils & Fats Supply Presentation at the Malaysia / Myanmar Palm Oil Trade Fair & Seminar in Yangon on June, 13 there somebody to pick me up tomorrow at the airport Thomas Mielke,

More information

Sunflower Oil Imports Increase for Ration Card Program

Sunflower Oil Imports Increase for Ration Card Program THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

Highlight. 27 May Rubber prices keep falling. Shall we switch to oil palm?

Highlight. 27 May Rubber prices keep falling. Shall we switch to oil palm? Rubber prices keep falling. Shall we switch to oil palm? 27 May 215 Highlight Recent news of farmers switching crops from rubber to palm trees leads to questions about whether Thai palm oil products are

More information

Role of Oil Palm in Poverty Alleviation

Role of Oil Palm in Poverty Alleviation Role of Oil Palm in Poverty Alleviation Zulkifli Alamsyah Agribusiness Department Faculty of Agriculture University of Jambi - Indonesia zalamsyah@unja,ac,id Presented in the Twentyfirst Session of the

More information

Fresh Connections: Netherlands

Fresh Connections: Netherlands Fresh Connections: Netherlands SHIFTING TRADE WINDS: GEOPOLITICS, GLOBAL TRADE & YOU JULIEN MARCILLY CHIEF ECONOMIST APRIL 29, 215 Oil prices: Lower for longer 14 Oil price (Brent, source: OPEC) 12 Oil

More information

Motion Control Market Update

Motion Control Market Update Motion Control Market Update Alex Shikany MCA Director of Market Analysis February 20-22, 2013 Orlando World Marriott Center Orlando, Florida USA Table of Contents I. World Economic Drivers II. Global

More information

CPO Supporting Fund and Its Impact On Indonesian Palm Oil Market. Fadhil Hasan Indonesian Palm Oil Association

CPO Supporting Fund and Its Impact On Indonesian Palm Oil Market. Fadhil Hasan Indonesian Palm Oil Association CPO Supporting Fund and Its Impact On Indonesian Palm Oil ket Fadhil Hasan Indonesian Palm Oil Association Background There are several reasons the government imposes the new levy imposed on CPO and its

More information

Fundamental Approach to Price Forecasting. By Dorab E Mistry Godrej International Limited

Fundamental Approach to Price Forecasting. By Dorab E Mistry Godrej International Limited Fundamental Approach to Price Forecasting By Dorab E Mistry Godrej International Limited Congratulations Very pleased to speak at this GLOBOIL INTERNATIONAL 2018 Hosted by TEFLA s Sponsored by Solvent

More information

ECONOMIC BULLETIN - No. 42, MARCH Statistical tables

ECONOMIC BULLETIN - No. 42, MARCH Statistical tables ECONOMIC BULLETIN - No. 42, MARCH 2006 APPENDIX Appendix Statistical tables The world economy Table a1 Gross domestic product a2 Industrial production a3 Consumer prices a4 External current account a5

More information

Item

Item Key Indicators for Asia and the Pacific 2009 POPULATION Total population a thousand; as of 1 July 295 305 316 328 340 353 366 380 394 409 420 432 444 457 470 483 496 510 524 Population density persons

More information

TEXTILE INDUSTRY OF INDONESIA. By Indonesian Consul General in Mumbai

TEXTILE INDUSTRY OF INDONESIA. By Indonesian Consul General in Mumbai TEXTILE INDUSTRY OF INDONESIA By Indonesian Consul General in Mumbai 1 Indonesian Textile Industry Overview The Ministry of Industry targets the textile industry and textile products (TPT) to grow by 6.3%

More information

Chapter 4. Oilseeds and oilseed products

Chapter 4. Oilseeds and oilseed products 4. OILSEEDS AND OILSEED PRODUCTS Chapter 4. Oilseeds and oilseed products This chapter describes the market situation and highlights the latest set of quantitative medium-term projections for world and

More information

, 2012 ARUBA. Contents. Available. 1 Real sector A 1.2B 1.6A 1.6B 1.7A 1.7B. 1.9 Utilities Oil refining

, 2012 ARUBA. Contents. Available. 1 Real sector A 1.2B 1.6A 1.6B 1.7A 1.7B. 1.9 Utilities Oil refining CENTRALE C BANK B VAN ARUBA STATISTICAL TABLES Third QUARTER 2011 Last updated January 13, 2012 Contents 1 Real sector 1.1 Gross Domestic Product 1.2A Business Perception Results 1.2B Business Perception

More information

Table B1. Advanced Economies: Unemployment, Employment, and Real per Capita GDP (Percent)

Table B1. Advanced Economies: Unemployment, Employment, and Real per Capita GDP (Percent) Statistical Appendix Table B1. Advanced Economies: Unemployment, Employment, and Real per Capita GDP (Percent) Unemployment Rate 2 Averages 1 1993 2002 2003 12 Advanced Economies 6.8 6.9 6.7 6.5 6.3 5.8

More information

Business potential and challenges from the private sector perspective

Business potential and challenges from the private sector perspective Business potential and challenges from the private sector perspective The Argentine crushing industry can be an efficient ally of the Chinese low cost meat producers, combining strengths in favor of the

More information

India. Oilseeds and Products Update. February 2012

India. Oilseeds and Products Update. February 2012 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution India Oilseeds and Products

More information

Global Oilseed Production: Trends, Drivers, Competition. Prof. Dr. Folkhard Isermeyer Thünen Institute, Braunschweig, Germany

Global Oilseed Production: Trends, Drivers, Competition. Prof. Dr. Folkhard Isermeyer Thünen Institute, Braunschweig, Germany Global Oilseed Production: Trends, Drivers, Competition Prof. Dr. Folkhard Isermeyer Thünen Institute, Braunschweig, Germany Folkhard Isermeyer October 2015 Content 1 Production Acreage Production 2 Trade

More information

Where next for vegetable oil prices?

Where next for vegetable oil prices? Where next for vegetable oil prices? POTS Korea 2015 David Jackson, LMC International LMC International, 2015 1 The outline of this presentation We begin by looking at how oil demand in Korea is maturing.

More information

Global Monthly March 2019

Global Monthly March 2019 Global Monthly March 19 Percent of world bonds outstanding 3 5 15 5 Jan-1 Jun-1 Nov-1 Apr-15 Sep-15 Feb-1 Jul-1 Dec-1 May-17 Oct-17 Mar-1 Aug-1 Dec-1 Mar-19 March 19 Percent, year-on-year 7 5 3 1 1Q1 1Q

More information

I. World trade in Overview

I. World trade in Overview I. World trade in - Overview Table I.1 Growth in the volume of world merchandise exports and production, 2-5 (Annual percentage change) 2-5 23 24 World merchandise exports 4.5 5. 9.5 6. Agricultural products

More information

Oilseeds and Products

Oilseeds and Products Oilseeds and Products Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to grain and other crops grown in the same regions. The same

More information

Oilseeds and Products

Oilseeds and Products Oilseeds and Products Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to the grain and other crops grown in the same regions. The

More information

FOURTH QUARTER OF Copyrights Statistics Botswana 2019

FOURTH QUARTER OF Copyrights Statistics Botswana 2019 STATISTICS BOTSWANA GROSS DOMESTIC PRODUCT FOURTH QUARTER OF 2018 Copyrights 2019 Private Bag 0024, Gaborone. TOLL FREE NUMBER: 0800600200 Tel: ( +267) 367 1300Fax: ( +267) 395 2201 E-mail: info@statsbots.org.bw

More information

Malaysian Palm Oil: Its Role in The Global Oils & Fats Market

Malaysian Palm Oil: Its Role in The Global Oils & Fats Market Malaysian Palm Oil: Its Role in The Global Oils & Fats Market BY Dr. Kalyana Sundram & Tan Sri Dr. Yusof Basiron Malaysian Palm Oil Council THE IMPORTANCE OF PALM OIL Oils and Fats Production (1990 2014)

More information

CHALLENGES AND OPPORTUNITIES IVY NG, CFA Regional Head of Agribusiness Head of Malaysia Research October 2018

CHALLENGES AND OPPORTUNITIES IVY NG, CFA Regional Head of Agribusiness Head of Malaysia Research October 2018 CIMB Investment CHALLENGES AND OPPORTUNITIES IVY NG, CFA Regional Head of Agribusiness Head of Malaysia Research ivy.ng@cimb.com +603-22619073 October 2018 Together Content Section 1 Section 2 Section

More information

Global Oils & Fats Market Outlook and

Global Oils & Fats Market Outlook and An economic modelling paper with indepth analysis on the price outlook aspect of palm oil supply and demand. Global Oils & Fats Market Outlook and Updates for 2010 2010 MPOC 2 nd Floor, Wisma Sawit, Lot

More information

Textile Per Capita Consumption

Textile Per Capita Consumption November 2017 Textile Per Capita Consumption 2005-2022 Part 1: Lower middle income countries CHF300.- Table of Contents Preface... 4 Sources... 5 Definitions... 6 Charts... 7 Executive Summary... 9 Country

More information

Item

Item Key Indicators for Asia and the Pacific 2010 POPULATION a Total population million; as of 1 July 18.17 18.55 18.93 19.33 19.73 20.14 20.56 20.99 21.42 21.87 22.32 22.79 23.30 23.82 24.36 24.91 25.47 26.04

More information

Manitoba Economic Highlights

Manitoba Economic Highlights Economic Overview Real Gross Domestic Product The Manitoba Bureau of Statistics estimates that Manitoba s real GDP grew 1.9% in 2016, above the national average of 1.4%. Manitoba s real GDP is expected

More information

United States Boosts Share in South Korea s Soybean Oil Market

United States Boosts Share in South Korea s Soybean Oil Market United States Department of Agriculture Foreign Agricultural Service February, 2018 United States Boosts Share in South Korea s Soybean Oil Market Thousand Metric Tons 350 300 250 200 150 100 50 50% 45%

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT NY futures experienced volatility in early April. Current values for all benchmark prices are flat to lower relative

More information

Global Monthly February 2018

Global Monthly February 2018 Global Monthly February 18 3 1-year Treasury yields 1-year breakeven inflation rate 1 1 15 16 17 18 February 18 5 3 Global GDP growth Composite PMI (RHS) Index 56 5 5 1 5 1 13 1 15 16 17 18 3..5. 1.5 1.

More information

GROSS DOMESTIC PRODUCT

GROSS DOMESTIC PRODUCT STATISTICS BOTSWANA GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT Second Quarter 2018 Copyrights 2018. Private Bag 0024 Botswana Tel: (267) 367 1300. Toll Free: 0800 600 200. Fax: (267) 395 2201. Email:

More information

Prospects for EU agricultural markets and income

Prospects for EU agricultural markets and income European Commission, DG Agriculture and Rural Development December 2014 http://ec.europa.eu/agriculture/markets-and-prices/medium-term-outlook/index_en.htm Baseline assumptions on key macroeconomic variable,

More information

Item

Item 332 Key Indicators of Developing Asian and Pacific Countries 333 001 POPULATION million; as of 1 July 47.72 48.71 49.68 50.64 51.58 52.51 53.43 54.33 55.21 55.84 56.57 57.29 58.01 58.71 59.40 60.00 60.60

More information

The Slowdown of Palm Oil Production and the Impacts on Global Supply, Demand and Prices of Major Vegetable Oils in 2016

The Slowdown of Palm Oil Production and the Impacts on Global Supply, Demand and Prices of Major Vegetable Oils in 2016 Thomas Mielke, The Slowdown of Palm Oil Production and the Impacts on Global Supply, Demand and Prices of Major Vegetable Oils in 216 POC 216, Price Outlook there somebody Conference, to pick Shangri-La

More information

No.1-2. Key Economic Indicators. Bank Austria Economics and Market Analysis

No.1-2. Key Economic Indicators. Bank Austria Economics and Market Analysis No.-2 2008 Key Economic Indicators Bank Austria Economics and Market Analysis Key Economic Indicators Issue -2/2008 Economic Forecasts for Austria Percentage change over previous year 2006 2007 2008 2

More information

CURRENT AND FUTURE ISSUES AND CHALLENGES FOR THE OLEOCHEMICAL INDUSTRY

CURRENT AND FUTURE ISSUES AND CHALLENGES FOR THE OLEOCHEMICAL INDUSTRY CURRENT AND FUTURE ISSUES AND CHALLENGES FOR THE OLEOCHEMICAL INDUSTRY Presentation to PIPOC Oleochemicals Conference 2011 by Alan Brunskill, Senior Oleochemical Consultant, LMC International KL Conference

More information

Mid-term Outlook for World Agricultural Markets

Mid-term Outlook for World Agricultural Markets Mid-term Outlook for World Agricultural Markets Jacinto Fabiosa Co-Director, (515) 294-6183 jfabiosa@iastate.edu Food and Agricultural Policy Research Institute The Question of Interest? In 27 we asked,

More information

280 / World Cotton: FAPRI 2005 Agricultural Outlook. World Cotton

280 / World Cotton: FAPRI 2005 Agricultural Outlook. World Cotton WORLD COTTON 280 / World Cotton: FAPRI 2005 Agricultural Outlook World Cotton The 2004/05 crop can be characterized simply as record breaking. A record 35.8 mha of cotton were harvested, producing a record

More information

JBIC-LPEM Workshop: Competitiveness in Indonesian Manufacturing: Issues and Prospects 3 November 2008, Shangri-La Hotel, Jakarta Indonesia

JBIC-LPEM Workshop: Competitiveness in Indonesian Manufacturing: Issues and Prospects 3 November 2008, Shangri-La Hotel, Jakarta Indonesia JBIC-LPEM Workshop: Competitiveness in Indonesian Manufacturing: Issues and Prospects 3 November 2008, Shangri-La Hotel, Jakarta Indonesia Background tables for: Session 1: Trends in Indonesia s Manufacturing

More information

External Market Factors Impacting US Soybean Meal

External Market Factors Impacting US Soybean Meal External Market Factors Impacting US Soybean Meal USSEC Luncheon International Production and Processing Expo January 3, 213 Atlanta, GA Paul Smolen Presentation Objectives Examine the economic drivers

More information

1. INTERNATIONAL OVERVIEW. 1.0 Area and population. population (1,000) area

1. INTERNATIONAL OVERVIEW. 1.0 Area and population. population (1,000) area 1.0 Area and population area population (1,000) km 2 2000 2010 2018 1 inhabitants per km 2 Belgium 30,530 10,251 10,920 11,443 375 Germany 357,380 82,212 81,777 82,952 232 Estonia 45,230 1,397 1,331 1,315

More information

Inefficient Fossil Fuel Subsidies

Inefficient Fossil Fuel Subsidies Inefficient Fossil Fuel Subsidies Anthony Cox Deputy Director, Environment Directorate G20 Energy Sustainability Working Group 3 rd Meeting, Izmir, 1-2 Sep 2015 The OECD continues monitoring how national

More information

Gross Domestic Product 2014 Q4

Gross Domestic Product 2014 Q4 REPUBLIC OF RWANDA NATIONAL INSTITUTE OF STATISTICS OF RWANDA P.O.Box 6139 KIGALI - RWANDA Gross Domestic Product 2014 Q4 March 2015 I. Gross Domestic Product and its structure In the fourth quarter of

More information