Report Update Nov 1, 2024

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

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Romania: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Romania

In 2022, the Romanian palm kernel oil market increased by 114% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Palm Kernel Oil Exports

Exports from Romania

In 2022, shipments abroad of palm kernel and babassu oil decreased by 0% to X kg, falling for the second consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 161% against the previous year. The exports peaked at X kg in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, palm kernel oil exports stood at $X in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 105% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for palm kernel oil exports from Romania, with a 88% share of total exports. Moreover, palm kernel oil exports to Switzerland exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2014 to 2022, the average annual growth rate of volume to Switzerland was relatively modest.

In value terms, the largest markets for palm kernel oil exported from Romania were France ($X) and Switzerland ($X).

In terms of the main countries of destination, France, with a CAGR of +21.1%, 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, leveling off at the previous year. Overall, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+43.0%).

Palm Kernel Oil Imports

Imports into Romania

In 2022, the amount of palm kernel and babassu oil imported into Romania surged to X tons, picking up by 85% against the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, palm kernel oil imports surged to $X in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest palm kernel oil supplier to Romania, accounting for a 63% share of total imports. Moreover, palm kernel oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+30.6% per year) and Belgium (+14.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of palm kernel and babassu oil to Romania, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports. It was followed by Sweden, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.7% per year) and Sweden (+48.8% per year).

Import Prices by Country

In 2022, the average palm kernel oil import price amounted to $X per ton, jumping by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 26%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+15.5%), 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, with a combined 63% share 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?

Indonesia constituted the country with the largest volume of palm kernel oil production, 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 Romania?

In value terms, the largest palm kernel oil suppliers to Romania were the Netherlands, Sweden and Belgium, with a combined 89% share of total imports.

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

In value terms, Germany $526) remains the key foreign market for palm kernel oil exports from Romania.

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

The average palm kernel oil export price stood at $756 per ton in 2021, dropping by -3.2% against the previous year.

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

The average palm kernel oil import price stood at $2,170 per ton in 2021, rising by 3.2% against the previous year.

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

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
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