Report Update Nov 1, 2024

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

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Austria: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Austria

In 2022, the Austrian palm kernel oil market increased by 61% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption recorded a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Palm Kernel Oil Exports

Exports from Austria

In 2022, exports of palm kernel and babassu oil from Austria soared to X tons, jumping by 455% on the previous year's figure. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 10,187%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, palm kernel oil exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,764%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for palm kernel oil exports from Austria, with a 87% share of total exports. Moreover, palm kernel oil exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +122.4%.

In value terms, Germany ($X) emerged as the key foreign market for palm kernel and babassu oil exports from Austria, comprising 89% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +116.1%.

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, rising by 35% against the previous year. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 371%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+85.6%), while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Oil Imports

Imports into Austria

In 2022, overseas purchases of palm kernel and babassu oil increased by 17% to X tons, rising for the fifth consecutive year after four years of decline. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 788% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, palm kernel oil imports soared to $X in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 730% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest palm kernel oil supplier to Austria, with a 66% share of total imports. Moreover, palm kernel oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +60.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-52.6% per year) and Germany (-13.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of palm kernel and babassu oil to Austria, comprising 68% of total imports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-24.5% per year) and Germany (-9.8% per year).

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, jumping by 62% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

The countries with the highest volumes of in 2021 were Indonesia, Malaysia and China, with a combined 63% share of global consumption. These countries were followed by Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria, which together accounted for a further 20%.

What are the largest producers of palm kernel and babassu oil in the world?

Indonesia constituted the country with the largest volume of palm kernel oil production, accounting for 54% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of palm kernel and babassu oil to Austria?

In value terms, Sweden constituted the largest supplier of palm kernel oil to Austria, comprising 60% of total imports. The second position in the ranking was occupied by the Netherlands, with a 30% share of total imports.

What are the leading importers of palm kernel and babassu oil from Austria?

In value terms, Slovakia emerged as the key foreign market for palm kernel oil exports from Austria, comprising 75% of total exports. The second position in the ranking was occupied by Germany, with a 24% share of total exports.

What is the average export price for palm kernel and babassu oil in Austria?

In 2021, the average palm kernel oil export price amounted to $1,893 per ton, shrinking by -53.7% against the previous year.

What is the average import price for palm kernel and babassu oil in Austria?

In 2021, the average palm kernel oil import price amounted to $1,377 per ton, shrinking by -5.8% against the previous year.

This report provides an in-depth analysis of the palm kernel oil market in Austria. 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:

Austria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Austria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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