Italy - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Italy - 2023
Contents:
- Palm Oil Price in Italy (CIF) - 2023
- Palm Oil Price in Italy (FOB) - 2023
- Palm Oil Imports in Italy
- Palm Oil Exports in Italy
Palm Oil Price in Italy (CIF) - 2023
The average palm oil import price stood at $1,207 per ton in August 2023, waning by -5.8% against the previous month. Overall, the import price recorded a slight downturn. The pace of growth was the most pronounced in May 2023 when the average import price increased by 7.2% month-to-month. The import price peaked at $1,392 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($2,321 per ton), while the price for Indonesia ($1,021 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 the Netherlands (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Palm Oil Price in Italy (FOB) - 2023
In August 2023, the average palm oil export price amounted to $1,499 per ton, with an increase of 3.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices reached the maximum at $1,715 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Russia ($1,699 per ton), while the average price for exports to Spain ($1,128 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 Russia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Italy
In 2022, overseas purchases of palm oil decreased by -5.5% to 1.4M tons, falling for the second consecutive year after two years of growth. Overall, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of 1.7M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, palm oil imports soared to $1.8B in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Palm Oil in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 566 | 706 | 691 | 865 | 15.2% |
Malaysia | 311 | 314 | 406 | 415 | 10.1% |
Honduras | 1.4 | 37.5 | 58.5 | 175 | 400.0% |
Guatemala | 38.4 | 57.2 | 162 | 97.7 | 36.5% |
Netherlands | 55.1 | 41.7 | 50.6 | 79.0 | 12.8% |
Colombia | 30.8 | 45.1 | 61.2 | 74.6 | 34.3% |
Others | 34.1 | 43.5 | 49.9 | 94.6 | 40.5% |
Total | 1,037 | 1,245 | 1,479 | 1,801 | 20.2% |
Top Suppliers of Palm Oil to Italy in 2022:
- Indonesia (724.0K tons)
- Malaysia (307.4K tons)
- Honduras (129.2K tons)
- Guatemala (75.2K tons)
- Colombia (48.6K tons)
- Netherlands (46.7K tons)
Palm Oil Exports in Italy
Palm oil exports from Italy rose markedly to 147K tons in 2022, growing by 7.1% against 2021 figures. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, palm oil exports skyrocketed to $221M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Palm Oil in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 53.1 | 58.0 | 62.9 | 72.4 | 10.9% |
Poland | 23.3 | 25.3 | 31.9 | 32.7 | 12.0% |
Serbia | 3.2 | 5.7 | 13.5 | 23.5 | 94.4% |
France | 19.5 | 21.1 | 21.2 | 20.4 | 1.5% |
Romania | 1.8 | 3.6 | 12.4 | 14.0 | 98.1% |
Hungary | 1.0 | 4.8 | 10.1 | 11.3 | 124.4% |
Croatia | 2.7 | 2.7 | 5.5 | 6.1 | 31.2% |
Russia | 5.7 | 5.6 | 6.8 | 5.9 | 1.2% |
Others | 11.0 | 11.4 | 24.9 | 34.7 | 46.7% |
Total | 121 | 138 | 189 | 221 | 22.2% |
Top Export Markets for Palm Oil from Italy in 2022:
- Germany (52.8K tons)
- Poland (23.5K tons)
- France (15.3K tons)
- Serbia (15.2K tons)
- Romania (7.9K tons)
- Hungary (6.9K tons)
- Russia (4.1K tons)
- Croatia (3.7K tons)
This report provides an in-depth analysis of the 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 March 2023, the palm oil price stood at $1,289 per ton (CIF, Italy), with an increase of 7.2% against the previous month.
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.
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.
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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