Ireland - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Ireland - 2023
Contents:
- Crude Palm Oil Price in Ireland (CIF) - 2023
- Crude Palm Oil Price in Ireland (FOB) - 2022
- Crude Palm Oil Imports in Ireland
- Crude Palm Oil Exports in Ireland
Crude Palm Oil Price in Ireland (CIF) - 2023
In August 2023, the average crude palm oil import price amounted to $1,566 per ton, dropping by -4.4% against the previous month. Over the period under review, the import price continues to indicate a slight reduction. The pace of growth was the most pronounced in December 2022 an increase of 11% m-o-m. As a result, import price reached the peak level of $2,102 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($1,568 per ton), while the price for the UK amounted to $1,261 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.4%).
Crude Palm Oil Price in Ireland (FOB) - 2022
In 2022, the average crude palm oil export price amounted to $5,622 per ton, declining by -9.6% against the previous year. Overall, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 369% against the previous year. As a result, the export price attained the peak level of $6,835 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +5.1% per year.
Crude Palm Oil Imports in Ireland
In 2022, purchases abroad of crude palm oil decreased by -21.7% to 49K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports attained the peak of 75K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, crude palm oil imports stood at $82M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Crude Palm Oil in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 48.3 | 59.9 | N/A | 76.7 | 16.7% |
| Netherlands | 2.9 | 6.3 | N/A | 2.9 | 0.0% |
| United Kingdom | 1.3 | 3.2 | N/A | 1.5 | 4.9% |
| Others | N/A | 0.5 | 75.9 | 0.3 | -22.5% |
| Total | 52.6 | 69.9 | 75.9 | 81.5 | 15.7% |
Top Suppliers of Crude Palm Oil to Ireland in 2022:
- Malaysia (44.5K tons)
- Netherlands (4.0K tons)
- United Kingdom (1.0K tons)
Crude Palm Oil Exports in Ireland
Crude palm oil exports from Ireland contracted notably to 119 kg in 2022, with a decrease of -69.3% against the year before. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.
In value terms, crude palm oil exports shrank dramatically to $669 in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
| Export of Crude Palm Oil in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.7 | 1.9 | N/A | 0.7 | -55.0% |
| Others | N/A | N/A | 2.4 | N/A | 0% |
| Total | 7.7 | 1.9 | 2.4 | 0.7 | -55.0% |
Top Export Markets for Crude Palm Oil from Ireland in 2022:
- United Kingdom (96.0 kg)
This report provides an in-depth analysis of the crude palm oil market in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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