France: Palm Oil Market 2025

Palm Oil Market Size in France

The French palm oil market totaled $X in 2022, with an increase of 2.9% 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). Overall, consumption showed a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Palm Oil Exports

Exports from France

In 2022, exports of palm oil from France dropped rapidly to X tons, waning by -61.1% compared with the year before. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 595% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, palm oil exports reduced rapidly to $X in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 311% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Belgium (X tons) was the main destination for palm oil exports from France, accounting for a 79% share of total exports. Moreover, palm oil exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+9.1% per year) and Germany (-9.6% per year).

In value terms, Belgium ($X) remains the key foreign market for palm oil exports from France, comprising 79% of total exports. The second position in the ranking was held by Spain ($X), with a 9.4% share of total exports. It was followed by Germany, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.6% per year) and Germany (-8.4% per year).

Export Prices by Country

In 2022, the average palm oil export price amounted to $X per ton, increasing by 51% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Estonia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Oil Imports

Imports into France

In 2022, purchases abroad of palm oil decreased by -17.7% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 34% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, palm oil imports rose remarkably to $X in 2022. Overall, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), the Netherlands (X tons) and Malaysia (X tons) were the main suppliers of palm oil imports to France, with a combined 63% share of total imports. Spain, Germany, Italy and Belgium lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +6.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Netherlands ($X) and Malaysia ($X) appeared to be the largest palm oil suppliers to France, together accounting for 62% of total imports. Spain, Germany, Belgium and Italy lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Spain, with a CAGR of +10.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average palm oil import price stood at $X per ton in 2022, rising by 32% against the previous year. Overall, the import price recorded a tangible expansion. The pace of growth was the most pronounced in 2021 an increase of 55%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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