United Kingdom: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in the UK

The revenue of the palm fruit oil market in the UK amounted to $X in 2017, growing by X% against the previous year. Overall, the total market indicated a strong growth from 2007 to 2017: its value decreased 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 consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017, with an increase of 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 the UK

In 2017, approx. X kg of palm fruit oil were produced in the UK; remaining relatively unchanged against the previous year. In general, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports in the UK

In 2017, approx. X tons of palm fruit oil were exported from the UK; flattening at the previous year. In general, the total exports indicated a mild 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 exports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when exports increased by X% year-to-year. In that year, the palm fruit oil exports attained their peak volume of X tons. From 2012 to 2017, growth of the palm fruit oil exports failed to regain its momentum.

In value terms, palm fruit oil exports amounted to $X in 2017. In general, the total exports indicated a remarkable growth from 2007 to 2017: its value 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 exports decreased by -X% against 2013 indices. The UK exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Palm Fruit Oil Exports by Country in the UK

Indonesia was the major exporter of palm fruit oil in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2017. It was distantly followed by Malaysia (X tons), making up X% share of total exports. The Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) took the minor share of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2007 to 2017. 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. From 2007 to 2017, the share of Malaysia increased by X% percentage points, while Indonesia (-X%) saw their share reduced. 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. These countries were followed by Papua New Guinea, Guatemala and the UK, which together accounted for a further X%.

Guatemala (+X% per year) recorded the highest rates of growth with regard to exports, in terms of 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 the UK

The palm fruit oil export price in the UK stood at $X per ton in 2017, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of 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 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

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 in the UK

In 2017, approx. X tons of palm fruit oil were imported into the UK; going up by X% against the previous year. Overall, palm fruit oil imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2010, when imports increased by X% year-to-year. Over the period under review, the palm fruit oil imports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil imports stood at $X in 2017. Overall, palm fruit oil imports continue to indicate a relatively flat trend pattern. In that year, the palm fruit oil imports reached their peak level of $X. From 2009 to 2017, growth of the palm fruit oil imports failed to regain its momentum.

Palm Fruit Oil Imports by Country in the UK

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) represented the largest importers of palm fruit oil, together committing 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) followed a long way behind the leaders.

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), together comprising X% of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, the UK and Ghana lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Ghana (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in the UK

In 2017, the palm fruit oil import price in the UK amounted to $X per ton, going up by X% against the previous year. In general, the import price indicated a slight increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for palm fruit oil attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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