Italy - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in Italy - 2023
Contents:
- Palm Kernel Oil Price in Italy (CIF) - 2023
- Palm Kernel Oil Price in Italy (FOB) - 2022
- Palm Kernel Oil Imports in Italy
- Palm Kernel Oil Exports in Italy
Palm Kernel Oil Price in Italy (CIF) - 2023
In August 2023, the average palm kernel oil import price amounted to $1,842 per ton, with an increase of 6.9% against the previous month. Overall, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $2,248 per ton. From November 2022 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($3,739 per ton), while the price for Cote d'Ivoire ($1,172 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced a decline.
Palm Kernel Oil Price in Italy (FOB) - 2022
The average palm kernel oil export price stood at $2,084 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The export price peaked at $2,685 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($18,000 per ton), while the average price for exports to Croatia ($1,494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Kernel Oil Imports in Italy
In 2022, supplies from abroad of palm kernel and babassu oil decreased by -4.8% to 46K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 5.9%. As a result, imports reached the peak of 53K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, palm kernel oil imports surged to $96M in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Palm Kernel Oil in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 0.6 | 3.7 | 6.5 | 18.1 | 211.3% |
| Malaysia | 5.7 | 6.9 | 6.1 | 16.2 | 41.6% |
| Cote d'Ivoire | 5.8 | 5.6 | 11.0 | 11.6 | 26.0% |
| Spain | 3.2 | 4.6 | 4.9 | 10.4 | 48.1% |
| Guatemala | 3.1 | 2.0 | 4.2 | 8.6 | 40.5% |
| Colombia | 10.4 | 12.3 | 15.9 | 8.0 | -8.4% |
| Belgium | 0.2 | 1.2 | 6.5 | 7.8 | 239.1% |
| Germany | 4.1 | 4.4 | 6.6 | 7.1 | 20.1% |
| Indonesia | 7.3 | 2.2 | 3.9 | 4.2 | -16.8% |
| Others | 5.0 | 6.6 | 7.0 | 3.5 | -11.2% |
| Total | 45.4 | 49.5 | 72.6 | 95.5 | 28.1% |
Top Suppliers of Palm Kernel Oil to Italy in 2022:
- Honduras (10.5K tons)
- Malaysia (5.8K tons)
- Cote d'Ivoire (5.8K tons)
- Guatemala (5.2K tons)
- Colombia (4.8K tons)
- Spain (4.7K tons)
- Germany (2.8K tons)
- Indonesia (2.5K tons)
- Belgium (2.3K tons)
Palm Kernel Oil Exports in Italy
In 2022, shipments abroad of palm kernel and babassu oil decreased by -70.4% to 382 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year.
In value terms, palm kernel oil exports declined markedly to $796K in 2022. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 146% against the previous year. As a result, the exports reached the peak of $2.1M, and then dropped remarkably in the following year.
| Export of Palm Kernel Oil in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 161 | 304 | 1,429 | 423 | 38.0% |
| Greece | 48.8 | 18.6 | 443 | 172 | 52.2% |
| France | 76.4 | 55.3 | 90.1 | 84.2 | 3.3% |
| Austria | 0.4 | 0.6 | 0.1 | 56.9 | 422.0% |
| Germany | 140 | 54.9 | 30.5 | 18.6 | -49.0% |
| Croatia | 21.3 | 72.1 | 10.5 | 15.1 | -10.8% |
| Others | 36.2 | 337 | 68.7 | 26.5 | -9.9% |
| Total | 485 | 842 | 2,071 | 796 | 18.0% |
Top Export Markets for Palm Kernel Oil from Italy in 2022:
- Serbia (213.0 tons)
- Greece (110.3 tons)
- Austria (25.3 tons)
- France (14.4 tons)
- Croatia (10.1 tons)
- Germany (3.7 tons)
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:
- 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
476
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In January 2023, the palm kernel oil price was $1,746 per ton (CIF, Italy), down 14.3% from the month before.
301
In January 2023, the crude coconut oil price amounted to $4,547 per ton (CIF, Italy), rising by 225% against the previous month.
234
Coconut oil imports showed stagnant growth from June to August 2023, with a slight shrinkage to $9.9M in August 2023.
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In April 2023, the price of Refined Coconut Oil reached $2,181 per ton (CIF, Italy), showing a 5.1% increase compared to the previous month.
1290
Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.
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Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2942
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
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Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
2018
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
5731
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
