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Italy - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Italy - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Jun 22, 2023

Palm Oil Price in Italy Rises Notably to $1,289 per Ton

Italy Palm Oil Import Price in March 2023

In March 2023, the palm oil price stood at $1,289 per ton (CIF, Italy), with an increase of 7.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $1,474 per ton. From July 2022 to March 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,846 per ton), while the price for Colombia ($1,063 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Palm Oil in Italy (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Netherlands1,5571,7091,6971,8571,8482,0071,1381,8351,7971,7021,7211,8271,846
Spain1,4431,7192,0372,1871,5961,5771,9861,5751,4871,8521,9491,7151,822
Malaysia1,1831,3991,2581,2841,2921,4321,5311,3491,6251,5531,4721,3581,437
Guatemala1,2511,6841,4681,3221,5231,3391,292N/A1,149N/A1,143N/A1,173
Indonesia1,3397691,1651,4231,1971,2381,2061,1711,2011,1511,1861,1281,159
Colombia1,3031,8181,6031,711N/A1,616N/AN/AN/A1,098N/AN/A1,063
Honduras1,3331,3031,4961,5631,4321,0371,3371,0751,1851,1771,1471,146N/A
Average1,3171,2171,3251,4741,3041,3931,2941,2571,3101,2331,2741,2031,289

Italy Palm Oil Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In March 2023, the product with the highest price was refined palm oil ($1,321 per ton), while the price for crude palm oil totaled $1,218 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by refined palm oil (-0.2%).

Italy Palm Oil Imports

In March 2023, overseas purchases of palm oil decreased by -24.1% to 82K tons, falling for the third consecutive month after two months of growth. Overall, imports showed a mild decline. The most prominent rate of growth was recorded in May 2022 when imports increased by 101% month-to-month.

In value terms, palm oil imports fell markedly to $105M (IndexBox estimates) in March 2023. Over the period under review, imports saw a slight slump. The pace of growth was the most pronounced in May 2022 when imports increased by 118% m-o-m.

Italy Palm Oil Imports by Type

In March 2023, refined palm oil (56K tons) constituted the largest type of palm oil supplied to Italy, with a 69% share of total imports. Moreover, refined palm oil exceeded the figures recorded for the second-largest type, crude palm oil (25K tons), twofold.

From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of import of refined palm oil was relatively modest.

In value terms, refined palm oil ($74M) constituted the largest type of palm oil supplied to Italy, comprising 71% of total imports. The second position in the ranking was held by crude palm oil ($31M), with a 29% share of total imports.

Italy Palm Oil Imports by Country

In March 2023, Indonesia (52K tons) constituted the largest palm oil supplier to Italy, accounting for a 64% share of total imports. Moreover, palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (19K tons), threefold. Spain (3.4K tons) ranked third in terms of total imports with a 4.2% share.

From March 2022 to March 2023, the average monthly growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.7% per month) and Spain (+21.1% per month).

In value terms, Indonesia ($60M) constituted the largest supplier of palm oil to Italy, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($28M), with a 26% share of total imports. It was followed by Spain, with a 5.9% share.

From March 2022 to March 2023, the average monthly growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (+0.9% per month) and Spain (+23.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the palm oil market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 257 - Oil of palm

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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