Report Update Nov 1, 2024

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

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Austria: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Austria

In 2022, the Austrian crude palm oil market decreased by -15.9% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted sharply in the following year.

Crude Palm Oil Exports

Exports from Austria

Crude palm oil exports from Austria shrank to X tons in 2022, falling by -6.4% compared with 2021. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 448% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude palm oil exports shrank slightly to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 269% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for crude palm oil exports from Austria, with a 97% share of total exports. It was followed by Germany (X kg), with a 2.2% share of total exports. The third position in this ranking was held by Slovenia (X kg), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.8% per year) and Slovenia (-27.5% per year).

In value terms, Italy ($X) remains the key foreign market for crude palm oil exports from Austria, comprising 84% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Slovenia, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.5% per year) and Slovenia (-16.8% per year).

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, with an increase of 2.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 171% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Palm Oil Imports

Imports into Austria

In 2022, after four years of growth, there was significant decline in supplies from abroad of crude palm oil, when their volume decreased by -9.6% to X tons. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 1,211%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, crude palm oil imports reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 815%. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

The Netherlands (X tons) and Germany (X tons) were the main suppliers of crude palm oil imports to Austria.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +104.1%).

In value terms, the Netherlands ($X) constituted the largest supplier of crude palm oil to Austria, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +28.5%.

Import Prices by Country

In 2022, the average crude palm oil import price amounted to $X per ton, which is down by -9.3% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

Indonesia remains the largest crude palm oil consuming country worldwide, comprising approx. 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 9.9% share.

What are the largest producers of crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil production, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of crude palm oil to Austria?

In value terms, the Netherlands constituted the largest supplier of crude palm oil to Austria, comprising 76% of total imports. The second position in the ranking was occupied by Germany, with a 24% share of total imports.

What are the leading importers of crude palm oil from Austria?

In value terms, Italy remains the key foreign market for crude palm oil exports from Austria, comprising 71% 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 crude palm oil in Austria?

In 2021, the average crude palm oil export price amounted to $2,853 per ton, falling by -2.9% against the previous year.

What is the average import price for crude palm oil in Austria?

In 2021, the average crude palm oil import price amounted to $1,565 per ton, with an increase of 7.7% against the previous year.

This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm

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
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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
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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