Report Update Nov 1, 2024

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

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Portugal: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Portugal

The Portuguese palm kernel oil market shrank significantly to $X in 2022, which is down by -70.7% 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). Over the period under review, consumption saw a abrupt slump. Palm kernel oil consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Palm Kernel Oil Exports

Exports from Portugal

In 2022, exports of palm kernel and babassu oil from Portugal was estimated at X tons, picking up by 6.9% compared with the previous year's figure. Over the period under review, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by 662% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports rose modestly to $X in 2022. In general, exports, however, faced a dramatic descent. The pace of growth was the most pronounced in 2018 when exports increased by 930% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X tons), Cabo Verde (X tons) and Mozambique (X kg) were the main destinations of palm kernel oil exports from Portugal, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +173.1%), while the other leaders experienced mixed trend patterns.

In value terms, Angola ($X) emerged as the key foreign market for palm kernel and babassu oil exports from Portugal, comprising 62% of total exports. The second position in the ranking was held by Cabo Verde ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+137.0% per year) and Mozambique (-2.6% per year).

Export Prices by Country

In 2022, the average palm kernel oil export price amounted to $X per ton, shrinking by -2.1% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 108%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Cabo Verde ($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 Spain (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Oil Imports

Imports into Portugal

In 2022, palm kernel oil imports into Portugal shrank rapidly to X tons, waning by -74% against 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 528%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, palm kernel oil imports declined remarkably to $X in 2022. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 494% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Cameroon (X tons) were the main suppliers of palm kernel oil imports to Portugal, with a combined 85% share of total imports. Italy and Germany lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Italy ($X) and Spain ($X) constituted the largest palm kernel oil suppliers to Portugal, with a combined 78% share of total imports.

Italy, with a CAGR of +8.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average palm kernel oil import price stood at $X per ton in 2022, surging by 31% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.9%), 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. These countries were followed by Thailand, the United States, Germany, Brazil, the Netherlands and Nigeria, which together accounted for a further 20%.

What are the largest producers of palm kernel and babassu oil in the world?

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

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

In value terms, Spain constituted the largest supplier of palm kernel oil to Portugal, comprising 93% of total imports. The second position in the ranking was occupied by Italy, with a 6.3% share of total imports.

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

In value terms, the largest markets for palm kernel oil exported from Portugal were Cabo Verde, Angola and Mozambique, with a combined 77% share of total exports.

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

The average palm kernel oil export price stood at $5,205 per ton in 2021, growing by 45% against the previous year.

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

The average palm kernel oil import price stood at $1,406 per ton in 2021, with a decrease of -28.1% against the previous year.

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

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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