Spain - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Spain - 2023
Contents:
- Refined Palm Oil Price in Spain (CIF) - 2023
- Refined Palm Oil Price in Spain (FOB) - 2023
- Refined Palm Oil Imports in Spain
- Refined Palm Oil Exports in Spain
Refined Palm Oil Price in Spain (CIF) - 2023
In August 2023, the average refined palm oil import price amounted to $1,039 per ton, dropping by -9.9% against the previous month. In general, the import price saw a slight curtailment. The growth pace was the most rapid in April 2023 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $1,337 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($1,344 per ton), while the price for Indonesia ($1,016 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 (+1.0%), while the prices for the other major suppliers experienced a decline.
Refined Palm Oil Price in Spain (FOB) - 2023
The average refined palm oil export price stood at $1,645 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the period under review, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 28% month-to-month. The export price peaked at $1,933 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In August 2023, the countries with the highest prices were the Netherlands ($1,915 per ton) and Belgium ($1,873 per ton), while the average price for exports to Portugal ($1,496 per ton) and Hungary ($1,550 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 Netherlands (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Palm Oil Imports in Spain
In 2022, supplies from abroad of refined palm oil decreased by -29.4% to 642K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 98%. As a result, imports reached the peak of 908K tons, and then shrank rapidly in the following year.
In value terms, refined palm oil imports shrank rapidly to $786M in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 189% against the previous year. As a result, imports reached the peak of $961M, and then contracted rapidly in the following year.
| Import of Refined Palm Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 144 | 273 | 911 | 616 | 62.3% |
| Malaysia | 15.8 | 9.9 | 9.2 | 124 | 98.7% |
| Netherlands | 21.7 | 21.6 | 14.8 | 21.9 | 0.3% |
| Others | 17.2 | 28.0 | 25.8 | 24.9 | 13.1% |
| Total | 198 | 333 | 961 | 786 | 58.3% |
Top Suppliers of Refined Palm Oil to Spain in 2022:
- Indonesia (518.1K tons)
- Malaysia (99.0K tons)
- Netherlands (11.2K tons)
Refined Palm Oil Exports in Spain
After two years of decline, shipments abroad of refined palm oil increased by 89% to 82K tons in 2022. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined palm oil exports soared to $141M in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Palm Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.2 | 13.2 | 20.8 | 38.7 | 56.0% |
| Italy | 6.6 | 7.6 | 8.9 | 26.7 | 59.3% |
| Netherlands | 0.1 | 0.2 | 3.3 | 17.4 | 458.3% |
| Portugal | 29.1 | 18.5 | 18.2 | 17.3 | -15.9% |
| Belgium | 0.5 | 1.7 | 2.1 | 13.1 | 197.0% |
| Turkey | N/A | N/A | N/A | 5.7 | 0% |
| Ukraine | N/A | N/A | N/A | 3.6 | 0% |
| Switzerland | 0.9 | 0.5 | 0.9 | 3.3 | 54.2% |
| Others | 2.4 | 3.8 | 7.1 | 14.8 | 83.4% |
| Total | 49.8 | 45.4 | 61.3 | 141 | 41.5% |
Top Export Markets for Refined Palm Oil from Spain in 2022:
- France (23.2K tons)
- Italy (16.2K tons)
- Netherlands (14.0K tons)
- Portugal (9.0K tons)
- Belgium (6.0K tons)
- Turkey (3.3K tons)
- Ukraine (2.0K tons)
- Switzerland (1.7K tons)
This report provides an in-depth analysis of the refined palm 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:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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
-
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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