Report Update Jan 1, 2025

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

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Belgium: Palm Kernel Oil Market 2025

Palm Kernel Oil Market Size in Belgium

In 2022, the Belgian palm kernel oil market increased by 41% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate buoyant growth. Palm kernel oil consumption peaked in 2022 and is expected to retain growth in years to come.

Palm Kernel Oil Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of palm kernel and babassu oil, when their volume decreased by -27.7% to X tons. In general, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 250% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, palm kernel oil exports totaled $X in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 257% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for palm kernel oil exports from Belgium, with a 40% share of total exports. Moreover, palm kernel oil exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.9% per year) and Germany (+23.0% per year).

In value terms, Italy ($X) remains the key foreign market for palm kernel and babassu oil exports from Belgium, comprising 40% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.7% per year) and Germany (+30.7% per year).

Export Prices by Country

In 2022, the average palm kernel oil export price amounted to $X per ton, surging by 58% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 Italy (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Belgium

In 2022, purchases abroad of palm kernel and babassu oil decreased by -0.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, palm kernel oil imports surged to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Papua New Guinea (X tons) and Malaysia (X tons) were the main suppliers of palm kernel oil imports to Belgium, with a combined 84% share of total imports. Spain, Indonesia and Germany lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +95.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Papua New Guinea ($X) and the Netherlands ($X) constituted the largest palm kernel oil suppliers to Belgium, together comprising 84% of total imports. Spain, Indonesia and Germany lagged somewhat behind, together accounting for a further 16%.

Spain, with a CAGR of +100.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, rising by 54% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), 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. Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria lagged somewhat behind, together comprising a further 20%.

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

Indonesia remains the largest palm kernel oil producing country worldwide, comprising approx. 54% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by Thailand, with an 8.1% share.

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

In value terms, Malaysia, the Netherlands and Papua New Guinea were the largest palm kernel oil suppliers to Belgium, together comprising 72% of total imports. These countries were followed by Indonesia, Germany and Spain, which together accounted for a further 27%.

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

In value terms, Italy, Germany and the Netherlands constituted the largest markets for palm kernel oil exported from Belgium worldwide, together accounting for 78% of total exports.

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

In 2021, the average palm kernel oil export price amounted to $2,245 per ton, with an increase of 32% against the previous year.

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

In 2021, the average palm kernel oil import price amounted to $1,613 per ton, growing by 36% against the previous year.

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

Belgium

Data coverage:

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

Reasons to buy this report:

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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 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
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