Italy - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Italy - 2023
Contents:
- Crude Palm Oil Price in Italy (CIF) - 2023
- Crude Palm Oil Price in Italy (FOB) - 2023
- Crude Palm Oil Imports in Italy
- Crude Palm Oil Exports in Italy
Crude Palm Oil Price in Italy (CIF) - 2023
The average crude palm oil import price stood at $1,251 per ton in June 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, recorded a mild reduction. The pace of growth was the most pronounced in August 2022 when the average import price increased by 22% against the previous month. Over the period under review, average import prices hit record highs at $1,511 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($1,284 per ton), while the price for Honduras stood at $1,255 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Guatemala (-0.7%), while the prices for the other major suppliers experienced a decline.
Crude Palm Oil Price in Italy (FOB) - 2023
In May 2023, the average crude palm oil export price amounted to $3,270 per ton, with an increase of 26% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2023 an increase of 41% m-o-m. The export price peaked in May 2023.
As there is only one major export destination, the average price level is determined by prices for France.
From June 2022 to May 2023, the rate of growth in terms of prices for France amounted to +2.2% per month.
Crude Palm Oil Imports in Italy
In 2022, supplies from abroad of crude palm oil decreased by -25.6% to 449K tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 3.8%. As a result, imports attained the peak of 862K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, crude palm oil imports stood at $567M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports reached the peak of $588M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Crude Palm Oil in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 1.4 | 37.5 | 58.5 | 175 | 400.0% |
| Indonesia | 261 | 251 | 159 | 143 | -18.2% |
| Guatemala | 38.4 | 57.2 | 162 | 97.7 | 36.5% |
| Colombia | 30.8 | 44.9 | 61.2 | 74.6 | 34.3% |
| Malaysia | 189 | 188 | 101 | 56.5 | -33.1% |
| Gabon | N/A | 4.8 | 7.0 | 10.9 | 50.7% |
| Netherlands | 4.7 | 2.9 | 3.1 | 7.5 | 16.9% |
| Others | 1.1 | 2.4 | 1.3 | 1.2 | 2.9% |
| Total | 526 | 588 | 553 | 567 | 2.5% |
Top Suppliers of Crude Palm Oil to Italy in 2022:
- Honduras (129.2K tons)
- Indonesia (121.2K tons)
- Guatemala (75.2K tons)
- Malaysia (57.8K tons)
- Colombia (48.6K tons)
- Gabon (9.3K tons)
- Netherlands (6.9K tons)
Crude Palm Oil Exports in Italy
In 2022, exports of crude palm oil from Italy rose rapidly to 1.3K tons, surging by 5.5% compared with the year before. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, crude palm oil exports surged to $3.2M in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Crude Palm Oil in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 671 | 755 | 840 | 1,579 | 33.0% |
| Romania | 19.6 | 1.3 | 981 | 1,281 | 302.8% |
| Slovenia | 42.4 | 97.0 | 120 | 152 | 53.0% |
| Spain | 407 | 149 | 28.0 | 0.5 | -89.3% |
| Others | 163 | 179 | 450 | 221 | 10.7% |
| Total | 1,303 | 1,182 | 2,419 | 3,233 | 35.4% |
Top Export Markets for Crude Palm Oil from Italy in 2022:
- France (623.8 tons)
- Romania (537.0 tons)
- Slovenia (81.3 tons)
- Spain (0.1 tons)
This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm
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:
- 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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In September 2022, the growth rate of imports for Crude Palm Oil reached its highest point with a remarkable increase of 79% compared to the previous month. The value of these imports significantly decreased to $18M in August 2023.
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In March 2023, the palm oil price stood at $1,289 per ton (CIF, Italy), with an increase of 7.2% against the previous month.
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The growth rate reached its peak in August 2023 with a 36% month-to-month increase in imports. In terms of value, imports of Refined Palm Oil decreased to $106M in September 2023.
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In August 2023, the growth of the refined palm oil industry reached its peak with a remarkable 36% increase compared to the previous month. However, in September 2023, the value of refined palm oil imports declined to $106M.
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In January 2023, the transmission shaft price amounted to $11,835 per ton (FOB, Italy), waning by -4.9% against the previous month.
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