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Italy - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

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

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Article Publishing Date: Apr 27, 2023

Price of Palm Kernel Oil in Italy Plunges 14% to $1,746 per Ton After 3 Months of Decreases

Italy Palm Kernel Oil Import Price in January 2023

In January 2023, the palm kernel oil price stood at $1,746 per ton (CIF, Italy), dropping by -14.3% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 52% against the previous month. Over the period under review, average import prices hit record highs at $3,123 per ton in June 2022; however, from July 2022 to January 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Belgium ($3,526 per ton), while the price for Honduras ($1,262 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYJan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Import Price of Palm Kernel Oil in Italy (USD per ton)
Belgium2,6953,3203,1634,0713,5553,8393,7493,8074,0993,4813,7453,7663,526
Spain1,7752,2752,2872,5472,6263,7602,8822,4062,4152,6671,9581,8292,530
MalaysiaN/A2,7992,8663,8253,810N/A3,3613,444N/A2,7942,3702,3362,463
Germany2,2072,7582,5703,1202,9882,5063,5633,5913,4462,6382,2062,6362,342
Cote d'Ivoire1,6081,977N/A2,701N/A2,4312,4302,4361,6921,709N/A2,0431,522
Guatemala1,867N/AN/AN/AN/AN/A2,0841,8611,661N/A1,596N/A1,306
Honduras1,750N/A1,758N/A2,527N/A2,0941,8561,757N/AN/A1,4041,262
Colombia1,4171,6521,770N/A2,265N/AN/A1,844N/AN/AN/A1,418N/A
Average1,7272,6322,2683,0522,8483,1232,4702,4522,0112,5962,1362,0371,746

Italy Palm Kernel Oil Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In January 2023, the product with the highest price was vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($2,695 per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified stood at $1,329 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (+1.8%).

Italy Palm Kernel Oil Imports

After two months of growth, overseas purchases of palm kernel and babassu oil decreased by -10.9% to 3.7K tons in January 2023. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in March 2022 when imports increased by 279% against the previous month.

In value terms, palm kernel oil imports contracted rapidly to $6.5M (IndexBox estimates) in January 2023. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in March 2022 with an increase of 227% against the previous month.

Italy Palm Kernel Oil Imports by Type

In January 2023, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (2.6K tons) constituted the largest type of palm kernel oil supplied to Italy, accounting for a 69% share of total imports. Moreover, vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (1.1K tons), twofold.

From January 2022 to January 2023, the average monthly growth rate of the volume of import of vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified amounted to -7.5%.

In value terms, the most traded types of palm kernel and babassu oil in Italy were vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($3.5M) and vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($3.1M).

Italy Palm Kernel Oil Imports by Country

Honduras (1.1K tons), Guatemala (999 tons) and Spain (546 tons) were the main suppliers of palm kernel oil imports to Italy, with a combined 71% share of total imports.

From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +10.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Honduras ($1.4M), Spain ($1.4M) and Guatemala ($1.3M) constituted the largest palm kernel oil suppliers to Italy, together comprising 62% of total imports.

Spain, with a CAGR of +13.3%, 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.

Source: IndexBox Market Intelligence Platform

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

  • Italy

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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