Belgium - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Belgium - 2023
Contents:
- Refined Palm Oil Price in Belgium (CIF) - 2023
- Refined Palm Oil Price in Belgium (FOB) - 2023
- Refined Palm Oil Imports in Belgium
- Refined Palm Oil Exports in Belgium
Refined Palm Oil Price in Belgium (CIF) - 2023
In August 2023, the average refined palm oil import price amounted to $1,674 per ton, rising by 27% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,772 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($2,116 per ton) and Spain ($1,975 per ton), while the price for Malaysia ($1,509 per ton) and Indonesia ($1,602 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Palm Oil Price in Belgium (FOB) - 2023
In August 2023, the average refined palm oil export price amounted to $2,200 per ton, remaining constant against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 33% m-o-m. The export price peaked at $2,310 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the countries with the highest prices were Italy ($2,583 per ton) and the UK ($2,334 per ton), while the average price for exports to the Netherlands ($2,010 per ton) and Hungary ($2,015 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Palm Oil Imports in Belgium
In 2022, supplies from abroad of refined palm oil decreased by -41.8% to 317K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of 553K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined palm oil imports reduced to $511M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +59.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year.
| Import of Refined Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 259 | 343 | 365 | 354 | 11.0% |
| Malaysia | 19.7 | 22.7 | 36.0 | 54.4 | 40.3% |
| Germany | 17.8 | 33.3 | 33.3 | 33.8 | 23.8% |
| Indonesia | 6.5 | 15.0 | 137 | 28.9 | 64.4% |
| Spain | 0.9 | 5.3 | 6.8 | 13.5 | 146.6% |
| Others | 15.6 | 18.4 | 17.9 | 26.2 | 18.9% |
| Total | 320 | 438 | 596 | 511 | 16.9% |
Top Suppliers of Refined Palm Oil to Belgium in 2022:
- Netherlands (226.5K tons)
- Malaysia (29.2K tons)
- Indonesia (20.9K tons)
- Germany (20.7K tons)
- Spain (6.0K tons)
Refined Palm Oil Exports in Belgium
In 2022, shipments abroad of refined palm oil decreased by -54% to 31K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2020 when exports increased by 109%.
In value terms, refined palm oil exports dropped rapidly to $65M in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 87%.
| Export of Refined Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.3 | 25.2 | 43.9 | 20.2 | 9.7% |
| Netherlands | 5.2 | 9.9 | 13.3 | 9.5 | 22.2% |
| France | 2.1 | 5.1 | 6.7 | 8.2 | 57.5% |
| Hungary | 0.7 | 3.2 | 4.1 | 7.5 | 120.5% |
| 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 | 3.2 | 6.1 | 8.4 | 8.8 | 40.1% |
| Total | 29.2 | 54.7 | 84.6 | 65.1 | 30.6% |
Top Export Markets for Refined Palm Oil from Belgium in 2022:
- Germany (10.0K tons)
- Netherlands (4.8K tons)
- France (3.6K 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 refined 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:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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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