Market research

Palm oil and fractions market in Jamaica

$Palm oil and fractions market in Jamaica$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the palm oil and fractions market in Jamaica showed considerable volatility. Starting at 12 997 t in 2018, the market volume grew steadily to 13 357 t in 2019 before surging by 20% to a peak of 16 036 t in 2020. This sharp increase represented the highest point observed in the period.

After the 2020 peak, the market entered a contraction phase, declining to 15 154 t in 2021 and further to 13 621 t in 2022. A slight stabilization occurred in 2023, with volume edging up to 13 766 t. Production and import flows largely followed this pattern, both reaching their maxima in 2020 before receding.

Despite the correction after 2020, the market volume in 2023 remained approximately 6% above the 2018 level, suggesting a structural shift to a higher base compared to the start of the period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Jamaica
  1. 5.1.1. Annual dynamics of production in Jamaica in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Jamaica in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production palm oil and fractions in Jamaica

In kind, 2017-2020, t

Top producers of palm oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm oil and fractions, 2017-2020

Source: SHEV.io

Jamaica's palm oil and fractions production has increased for the third consecutive year. In 2020, the country produced 8,100 tonnes, marking a significant 20.9% rise compared to 2019. Over the period from 2017 to 2020, production grew by 39.7%, which translates to an annualized growth rate of 11.8%.

Annual dynamics of production in Jamaica in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.1%	3.1%	20.9%	11.8%

Source: SHEV.io

Exports palm oil and fractions from Jamaica

Exports in kind, t

Annual dynamics of product's exports from Jamaica in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the United States was the overwhelmingly dominant buyer of palm oil and fractions from Jamaica, accounting for 100.0% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Jamaica in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Jamaica in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Throughout 2017–2020, the United States remained the dominant and almost sole destination for Jamaica's palm oil and fractions exports in value terms, with a share of 100.0%.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Jamaica in value, 2017-2020

Source: SHEV.io

Imports palm oil and fractions to Jamaica

Imports in kind, t

Jamaica's imports of palm oil and fractions have increased for the third consecutive year. In 2020, imports reached 7,936 tonnes, showing a 19.2% rise compared to 2019. Between 2017 and 2020, imports grew by 36.1%, equating to an annualized rate of 10.8%.

Annual dynamics of product's imports to Jamaica in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.4%	2.5%	19.2%	10.8%

Source: SHEV.io

From 2017 to 2020, the United States played the leading role in Jamaica's palm oil and fractions imports in kind, holding a 76.0% share of total flows, while other markets together accounted for the remainder.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Jamaica in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Jamaica imported palm oil and fractions worth 5,067 thousand US dollars, up by 9.0% from the previous year. The lowest value was recorded in 2019 at 4,649 thousand US dollars, while the highest was in 2018 at 5,200 thousand US dollars. The largest decline occurred in 2019, with a drop of 10.6%.

Annual dynamics of product's imports to Jamaica in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.0%	(10.6%)	9.0%	0.5%

Source: SHEV.io

Over the 2017–2020 period, imports of palm oil and fractions to Jamaica in value terms were largely concentrated on the United States, which accounted for 71.7% of total flows; other countries together formed the residual share.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Jamaica in value, 2017-2020

Source: SHEV.io