Report Update Nov 1, 2024

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

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Luxembourg: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Luxembourg

In 2022, the Luxembourg palm kernel oil market decreased by -98.3% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a dramatic decline. Palm kernel oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Palm Kernel Oil Production in Luxembourg

In value terms, palm kernel oil production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9%. Palm kernel oil production peaked in 2022 and is expected to retain growth in the immediate term.

Palm Kernel Oil Exports

Exports from Luxembourg

In 2022, exports of palm kernel and babassu oil from Luxembourg skyrocketed to X kg, jumping by 34% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, palm kernel oil exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg) and the United States (X kg) were the main destinations of palm kernel oil exports from Luxembourg.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +20.1%).

In value terms, the largest markets for palm kernel oil exported from Luxembourg were the United States ($X) and the Netherlands ($X).

Among the main countries of destination, the Netherlands, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, jumping by 89% against the previous year. In general, the export price showed a significant expansion. 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 the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.0%).

Palm Kernel Oil Imports

Imports into Luxembourg

In 2022, supplies from abroad of palm kernel and babassu oil decreased by -88.5% to X kg, falling for the third year in a row after two years of growth. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 11,100% against the previous year. Over the period under review, imports hit record highs at X kg in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, palm kernel oil imports shrank significantly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 329%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X kg) and the Netherlands (X kg) were the main suppliers of palm kernel oil imports to Luxembourg.

From 2013 to 2022, the biggest increases were recorded for Germany (with a CAGR of +43.0%).

In value terms, Germany ($X) constituted the largest supplier of palm kernel and babassu oil to Luxembourg, comprising 69% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 31% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Germany totaled +26.8%.

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, growing by 49% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 3,029% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+139.2%), 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, together comprising 63% 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?

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

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

In value terms, the largest palm kernel oil suppliers to Luxembourg were Germany and Belgium $692).

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

In value terms, Germany $862) remains the key foreign market for palm kernel oil exports from Luxembourg.

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

In 2021, the average palm kernel oil export price amounted to $3,170 per ton, with a decrease of -39.8% against the previous year.

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

In 2021, the average palm kernel oil import price amounted to $2,175 per ton, which is down by -15.8% against the previous year.

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

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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
Find deeper insights into current market developments
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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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