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Netherlands - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Netherlands - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Oct 20, 2024

Sharp Decline in the Netherlands' Palm Kernel Oil Imports, Dropping to $220M in 2023

Netherlands Palm Kernel Oil Imports

For the fifth year in a row, the Netherlands recorded decline in overseas purchases of palm kernel and babassu oil, which decreased by -8.7% to 175K tons in 2023. Overall, imports saw a noticeable reduction. The growth pace was the most rapid in 2015 when imports increased by 23% against the previous year. Imports peaked at 270K tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, palm kernel oil imports shrank rapidly to $220M (IndexBox estimates) in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked at $373M in 2022, and then contracted markedly in the following year.Netherlands Palm Kernel Oil Imports By Country (Million USD)

COUNTRYImport Value of Palm Kernel Oil in Netherlands (million USD)
20132014201520162017201820192020202120222023
Papua New Guinea15.113.415.637.362.544.544.046.866.774.762.6
Malaysia39.683.490.371.487.691.556.069.411312143.0
Guatemala9.14.46.611.313.916.413.011.818.946.437.1
Germany4.87.96.37.211.69.34.06.911.411.618.8
Colombia21.434.634.843.645.737.217.812.823.556.418.4
Indonesia12615.816.312.416.217.826.423.821.211.812.7
Costa Rica0.90.1N/AN/AN/AN/A2.40.82.820.29.4
Honduras6.111.717.231.533.621.813.613.945.224.08.3
Others16.811.74.116.212.022.712.09.68.66.99.8
Total239183191231283261189196311373220

Imports by Country

Papua New Guinea (54K tons), Malaysia (33K tons) and Guatemala (29K tons) were the main suppliers of palm kernel oil imports to the Netherlands, together comprising 66% of total imports. Colombia, Germany, Indonesia, Honduras and Costa Rica lagged somewhat behind, together comprising a further 29%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($63M), Malaysia ($43M) and Guatemala ($37M) constituted the largest palm kernel oil suppliers to the Netherlands, together accounting for 65% of total imports. Germany, Colombia, Indonesia, Costa Rica and Honduras lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Costa Rica, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In 2023, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (149K tons) constituted the largest type of palm kernel and babassu oil supplied to the Netherlands, with a 85% share of total imports. Moreover, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (26K tons), sixfold.

From 2013 to 2023, the average annual growth rate of the volume of vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified imports amounted to -1.1%.

In value terms, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($176M) constituted the largest type of palm kernel and babassu oil supplied to the Netherlands, comprising 80% of total imports. The second position in the ranking was taken by vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($44M), with a 20% share of total imports.

Import Prices by Country

In 2023, the palm kernel oil price stood at $1,256 per ton (CIF, Netherlands), shrinking by -35.4% against the previous year. Over the period under review, the import price, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62%. The import price peaked at $1,945 per ton in 2022, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,559 per ton), while the price for Honduras ($1,025 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the palm kernel oil market in the Netherlands. 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 258 - Oil of Palm Kernel

Country coverage:

  • Netherlands

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Netherlands
  • 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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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