Report Update Nov 1, 2024

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

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Czech Republic: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in the Czech Republic

The Czech crude palm oil market surged to $X in 2022, growing by 25% against the previous year. Over the period under review, consumption, however, continues to indicate a slight slump. Crude palm oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Crude Palm Oil Production in the Czech Republic

In value terms, crude palm oil production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Palm Oil Exports

Exports from the Czech Republic

In 2022, overseas shipments of crude palm oil decreased by -40.7% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 572% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude palm oil exports reduced rapidly to $X in 2022. Over the period under review, exports, however, posted modest growth. The pace of growth was the most pronounced in 2017 when exports increased by 294% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for crude palm oil exports from the Czech Republic, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to +4.1%.

In value terms, Slovakia ($X) also remains the key foreign market for crude palm oil exports from the Czech Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia amounted to +1.1%.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 97%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to -2.9% per year.

Crude Palm Oil Imports

Imports into the Czech Republic

Crude palm oil imports into the Czech Republic surged to X tons in 2022, increasing by 25% against 2021 figures. Over the period under review, imports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 159%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, crude palm oil imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by 107%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of crude palm oil to the Czech Republic, accounting for a 62% share of total imports. Moreover, crude palm oil imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and Poland (-12.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of crude palm oil to the Czech Republic, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Poland, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Poland (-7.3% per year).

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the import price saw mild growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 149% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Sweden ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+20.8%), 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 crude palm oil in the world?

The country with the largest volume of crude palm oil consumption was Indonesia, accounting for 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 the Czech Republic?

In value terms, the largest crude palm oil suppliers to the Czech Republic were Sweden, Germany and the Netherlands, together accounting for 83% of total imports.

What are the leading importers of crude palm oil from the Czech Republic?

In value terms, Slovakia remains the key foreign market for crude palm oil exports from the Czech Republic, comprising 94% of total exports. The second position in the ranking was occupied by Poland, with a 6.4% share of total exports.

What is the average export price for crude palm oil in the Czech Republic?

In 2021, the average crude palm oil export price amounted to $1,808 per ton, with an increase of 5.5% against the previous year.

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

The average crude palm oil import price stood at $1,373 per ton in 2021, growing by 4.2% against the previous year.

This report provides an in-depth analysis of the crude palm oil market in the Czech Republic. 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:

Czech Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Czech Republic
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
How to make your supply chain more sustainable
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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