Spain - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Kernel Oil Price in Spain - 2023
Contents:
- Palm Kernel Oil Price in Spain (CIF) - 2022
- Palm Kernel Oil Price in Spain (FOB) - 2023
- Palm Kernel Oil Imports in Spain
- Palm Kernel Oil Exports in Spain
Palm Kernel Oil Price in Spain (CIF) - 2022
In 2022, the average palm kernel oil import price amounted to $1,889 per ton, picking up by 31% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by +119.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($2,001 per ton) and Cote d'Ivoire ($1,991 per ton), while the price for Honduras ($1,442 per ton) and Papua New Guinea ($1,680 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Kernel Oil Price in Spain (FOB) - 2023
The average palm kernel oil export price stood at $2,654 per ton in August 2023, growing by 4.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices hit record highs at $2,800 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Switzerland ($3,803 per ton), while the average price for exports to Italy ($2,134 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Kernel Oil Imports in Spain
In 2022, the amount of palm kernel and babassu oil imported into Spain skyrocketed to 59K tons, with an increase of 25% against the previous year. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, palm kernel oil imports surged to $111M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Palm Kernel Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.7 | 6.2 | 13.4 | 32.2 | 89.9% |
| Indonesia | 9.1 | 16.5 | 17.4 | 24.5 | 39.1% |
| Gabon | 0.5 | 1.1 | 3.1 | 13.4 | 199.3% |
| Colombia | 5.8 | 9.0 | 11.7 | 11.3 | 24.9% |
| Guatemala | 5.6 | 2.0 | 10.6 | 10.1 | 21.7% |
| Honduras | 5.5 | 1.7 | 1.2 | 8.3 | 14.7% |
| Cote d'Ivoire | N/A | 1.4 | 7.8 | 4.7 | 83.2% |
| Others | 6.6 | 5.7 | 2.2 | 6.1 | -2.6% |
| Total | 37.6 | 43.7 | 67.5 | 111 | 43.5% |
Top Suppliers of Palm Kernel Oil to Spain in 2022:
- Malaysia (16.1K tons)
- Indonesia (12.8K tons)
- Gabon (7.4K tons)
- Guatemala (6.0K tons)
- Honduras (5.8K tons)
- Colombia (5.7K tons)
- Cote d'Ivoire (2.4K tons)
Palm Kernel Oil Exports in Spain
For the fourth year in a row, Spain recorded growth in overseas shipments of palm kernel and babassu oil, which increased by 58% to 9.3K tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, palm kernel oil exports skyrocketed to $25M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Palm Kernel Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.6 | 4.1 | 6.3 | 12.5 | 68.8% |
| Germany | 0.1 | 0.1 | 2.2 | 3.5 | 227.1% |
| Belgium | 0.4 | 0.4 | 1.3 | 3.3 | 102.1% |
| France | 0.2 | 0.7 | 1.0 | 2.3 | 125.7% |
| Switzerland | N/A | 0.1 | 0.9 | 2.2 | 369.0% |
| United Kingdom | N/A | N/A | N/A | 0.6 | 0% |
| Portugal | 0.5 | 0.4 | 0.3 | N/A | -22.5% |
| Others | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Total | 4.0 | 6.0 | 12.4 | 24.8 | 83.7% |
Top Export Markets for Palm Kernel Oil from Spain in 2022:
- Portugal (undefinedK tons)
- Italy (4.9K tons)
- Belgium (1.3K tons)
- France (1.1K tons)
- Germany (1.0K tons)
- Switzerland (0.6K tons)
- United Kingdom (0.2K tons)
This report provides an in-depth analysis of the palm kernel oil market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
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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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1294
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.
3022
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2945
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.
1392
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
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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
5740
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5648
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5613
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
