Ireland: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Ireland

The revenue of the palm fruit oil market in Ireland amounted to $X in 2017, jumping by X% against the previous year. In general, palm fruit oil consumption continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2017, when it surged by X% against the previous year. In that year, the palm fruit oil market attained their peak level, and is likely to continue its growth in the immediate term.

Palm Fruit Oil Production in Ireland

In 2017, the amount of palm fruit oil produced in Ireland stood at X kg, approximately reflecting the previous year. In general, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Ireland

In 2017, exports of palm fruit oil from Ireland totaled X tons, going down by -X% against the previous year. Overall, palm fruit oil exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Over the period under review, the palm fruit oil exports attained its maximum volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, palm fruit oil exports totaled $X in 2017. In general, palm fruit oil exports continue to indicate an abrupt shrinkage. Over the period under review, the palm fruit oil exports reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports by Country from Ireland

Indonesia was the largest exporter of palm fruit oil in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2017. It was distantly followed by Malaysia (X tons), mixed up X% share of total exports. The Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest palm fruit oil markets worldwide were Indonesia ($X), Malaysia ($X) and the Netherlands ($X), together accounting for X% of total exports. Papua New Guinea, Guatemala and Ireland lagged somewhat behind, together accounting for a further X%.

Guatemala (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in Ireland

In 2017, the palm fruit oil export price in Ireland amounted to $X per ton, dropping by -X% against the previous year. Overall, palm fruit oil export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% y-o-y. Over the period under review, the export prices for palm fruit oil reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

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

Palm Fruit Oil Imports into Ireland

In 2017, palm fruit oil imports into Ireland amounted to X tons, coming up by X% against the previous year. In general, the total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil imports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2010, when imports increased by X% against the previous year. Over the period under review, the palm fruit oil imports reached its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, palm fruit oil imports totaled $X in 2017. Overall, palm fruit oil imports continue to indicate a prominent growth. In that year, the palm fruit oil imports attained their peak level of $X. From 2012 to 2017, growth of the palm fruit oil imports failed to regain its momentum.

Palm Fruit Oil Imports by Country into Ireland

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the key importers of palm fruit oil, together constituting X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), the U.S. (X tons), Bangladesh (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) held the weak share of total imports.

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

In value terms, the largest palm fruit oil markets worldwide were India ($X), China ($X) and Pakistan ($X), with a combined X% share of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Ghana and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Ghana (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Ireland

The palm fruit oil import price in Ireland stood at $X per ton in 2017, rising by X% against the previous year. In general, palm fruit oil import price continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. In that year, the import prices for palm fruit oil attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for palm fruit oil stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform