Belgium - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Belgium - 2023
Contents:
- Palm Oil Price in Belgium (CIF) - 2022
- Palm Oil Price in Belgium (FOB) - 2023
- Palm Oil Imports in Belgium
- Palm Oil Exports in Belgium
Palm Oil Price in Belgium (CIF) - 2022
The average palm oil import price stood at $1,571 per ton in 2022, rising by 45% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil import price increased by +114.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,272 per ton), while the price for Indonesia ($1,327 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Oil Price in Belgium (FOB) - 2023
In June 2023, the average palm oil export price amounted to $1,303 per ton, which is down by -36% against the previous month. In general, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 7.4% against the previous month. Over the period under review, the average export prices reached the maximum at $2,134 per ton in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Italy ($2,486 per ton), while the average price for exports to the Czech Republic ($224 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Belgium
In 2022, supplies from abroad of palm oil decreased by -39.1% to 379K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports reached the peak of 625K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, palm oil imports declined to $596M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $677M, and then dropped in the following year.
| Import of Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 268 | 353 | 391 | 379 | 12.2% |
| Malaysia | 30.3 | 52.3 | 80.6 | 102 | 49.9% |
| Indonesia | 20.6 | 22.1 | 142 | 35.3 | 19.7% |
| Germany | 18.0 | 34.3 | 33.5 | 34.0 | 23.6% |
| Spain | 0.9 | 5.3 | 6.8 | 13.5 | 146.6% |
| Others | 21.5 | 21.1 | 22.2 | 32.1 | 14.3% |
| Total | 359 | 488 | 677 | 596 | 18.4% |
Top Suppliers of Palm Oil to Belgium in 2022:
- Netherlands (246.5K tons)
- Malaysia (61.0K tons)
- Indonesia (26.6K tons)
- Germany (20.8K tons)
- Spain (6.0K tons)
Palm Oil Exports in Belgium
After three years of growth, shipments abroad of palm oil decreased by -58.7% to 32K tons in 2022. In general, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 140% against the previous year.
In value terms, palm oil exports dropped remarkably to $66M in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 110%.
| Export of Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.9 | 25.4 | 44.1 | 20.3 | 8.5% |
| Netherlands | 5.2 | 10.1 | 15.5 | 9.7 | 23.1% |
| France | 2.3 | 13.0 | 14.7 | 9.2 | 58.7% |
| Hungary | 0.7 | 3.2 | 4.1 | 7.6 | 121.4% |
| Italy | 1.0 | 1.7 | 3.8 | 4.4 | 63.9% |
| Poland | 1.1 | 1.4 | 2.7 | 3.7 | 49.8% |
| Russia | 0.6 | 2.0 | 1.7 | 2.7 | 65.1% |
| Others | 3.3 | 6.3 | 8.8 | 9.0 | 39.7% |
| Total | 30.1 | 63.2 | 95.3 | 66.4 | 30.2% |
Top Export Markets for Palm Oil from Belgium in 2022:
- Germany (10.0K tons)
- Netherlands (4.9K tons)
- France (4.4K tons)
- Hungary (3.6K tons)
- Italy (1.7K tons)
- Poland (1.7K tons)
- Russia (1.3K tons)
This report provides an in-depth analysis of the palm oil market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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