Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Portugal: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Portugal

For the third consecutive year, the Portuguese crude palm oil market recorded growth in sales value, which increased by 21% to $X in 2022. In general, consumption, however, enjoyed a remarkable increase. Crude palm oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Crude Palm Oil Exports

Exports from Portugal

Crude palm oil exports from Portugal declined rapidly to X tons in 2022, falling by -24.5% compared with the year before. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 2,959% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude palm oil exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 369% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Spain (X tons) was the main destination for crude palm oil exports from Portugal, with a 100% share of total exports. It was followed by Angola (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +172.4%.

In value terms, Spain ($X) remains the key foreign market for crude palm oil exports from Portugal, comprising 100% of total exports. The second position in the ranking was held by Angola ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +224.5%.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, rising by 4.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 167%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Palm Oil Imports

Imports into Portugal

In 2022, supplies from abroad of crude palm oil decreased by -1.9% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 103%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, crude palm oil imports skyrocketed to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sierra Leone (X tons) constituted the largest crude palm oil supplier to Portugal, accounting for a 52% share of total imports. Moreover, crude palm oil imports from Sierra Leone exceeded the figures recorded by the second-largest supplier, Sao Tome and Principe (X tons), threefold. Guinea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sierra Leone amounted to +79.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sao Tome and Principe (-7.5% per year) and Guinea (+57.1% per year).

In value terms, Sierra Leone ($X) constituted the largest supplier of crude palm oil to Portugal, comprising 48% of total imports. The second position in the ranking was taken by Sao Tome and Principe ($X), with an 18% share of total imports. It was followed by Guinea, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sierra Leone stood at +93.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sao Tome and Principe (+32.0% per year) and Guinea (+83.9% per year).

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2022, with an increase of 38% against the previous year. In general, the import price recorded a slight expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sao Tome and Principe (+42.7%), 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 crude palm oil in the world?

The country with the largest volume of crude palm oil consumption was Indonesia, comprising approx. 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 9.9% share.

What are the largest producers of crude palm oil in the world?

Indonesia remains the largest crude palm oil producing country worldwide, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of crude palm oil to Portugal?

In value terms, Sierra Leone, Sao Tome and Principe and Spain constituted the largest crude palm oil suppliers to Portugal, together accounting for 98% of total imports.

What are the leading importers of crude palm oil from Portugal?

In value terms, Spain remains the key foreign market for crude palm oil exports from Portugal.

What is the average export price for crude palm oil in Portugal?

In 2021, the average crude palm oil export price amounted to $977 per ton, with a decrease of -57.5% against the previous year.

What is the average import price for crude palm oil in Portugal?

In 2021, the average crude palm oil import price amounted to $1,043 per ton, with an increase of 54% against the previous year.

This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm

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:

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