EU: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in the EU

The revenue of the palm fruit oil market in the European Union amounted to $X in 2017, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. The level of palm fruit oil consumption peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports

Exports in the EU

In 2017, approx. X tons of palm fruit oil were exported in the European Union; picking up by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the palm fruit oil exports attained its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, palm fruit oil exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Exports by Country

The Netherlands represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Germany (X tons) ranks second in terms of the global exports with a X% share, followed by Denmark (X%) and Italy (X%). Spain (X tons), Belgium (X tons) and the UK (X tons) occupied the slight share of total exports.

The Netherlands experienced a relatively flat trend pattern of palm fruit oil exports. At the same time, Denmark (+X%), Germany (+X%), Italy (+X%), Belgium (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. Spain experienced a relatively flat trend pattern. While the share of Italy (-X%), Denmark (-X%), the Netherlands (-X%) and Germany (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest palm fruit oil supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In the Netherlands, palm fruit oil exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Italy (+X% per year).

Export Prices by Country

The palm fruit oil export price in the European Union stood at $X per ton in 2017, jumping by X% against the previous year. The palm fruit oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. In that year, the export prices for palm fruit oil reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for palm fruit oil stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports

Imports in the EU

In 2017, the amount of palm fruit oil imported in the European Union amounted to X tons, jumping by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. The volume of imports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, palm fruit oil imports totaled $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Italy (X tons) represented roughly X% of total imports of palm fruit oil in 2017. Germany (X tons) ranks second in terms of the global imports with a X% share, followed by Belgium (X%) and the UK (X%). Poland (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest palm fruit oil markets worldwide were the Netherlands ($X), Spain ($X) and Italy ($X), with a combined X% share of total imports.

Among the main importing countries, Spain (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the palm fruit oil import price in the European Union amounted to $X per ton, growing by X% against the previous year. The import price indicated a slight growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Poland ($X per ton) and Belgium ($X per ton), while Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform