Belgium - Palm Fruit Oil - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Belgium: Palm Fruit Oil Market Overview 2020

Palm Fruit Oil Market Size in Belgium

The revenue of the palm fruit oil market in Belgium amounted to $X in 2017, surging by X% against the previous year. In general, the total market indicated a measured increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Belgium palm fruit oil consumption peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Palm Fruit Oil Production in Belgium

In 2017, approx. X kg of palm fruit oil were produced in Belgium; approximately mirroring the previous year. Overall, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Belgium

In 2017, exports of palm fruit oil from Belgium stood at X tonnes, picking up by X% against the previous year. In general, the total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. Belgium exports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, palm fruit oil exports stood at $X in 2017. Overall, the total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports increased by +X% against 2015 indices. Over the period under review, the palm fruit oil exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports by Country from Belgium

Indonesia represented the major exporting country with an export of around X tonnes, which recorded X% of total exports. It was distantly followed by Malaysia (X tonnes), mixed up X% share of total exports. The Netherlands (X tonnes), Papua New Guinea (X tonnes) and Guatemala (X tonnes) occupied the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. Papua New Guinea, Guatemala and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries , Guatemala (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in Belgium

In 2017, the palm fruit oil export price in Belgium amounted to $X per tonne, jumping by X% against the previous year. Overall, palm fruit oil export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when the export prices increased by X% year-to-year. In that year, the export prices for palm fruit oil reached their peak level of $X per tonne. From 2012 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per tonne) and the Netherlands ($X per tonne), while Guatemala ($X per tonne) and Papua New Guinea ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports into Belgium

Palm fruit oil imports into Belgium totaled X tonnes in 2017, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2017, when imports increased by X% y-o-y. In that year, the palm fruit oil imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, palm fruit oil imports amounted to $X in 2017. Overall, the total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil imports increased by +X% against 2015 indices. In that year, the palm fruit oil imports reached their peak level of $X. From 2012 to 2017, growth of the palm fruit oil imports failed to regain its momentum.

Palm Fruit Oil Imports by Country into Belgium

In 2017, India (X tonnes), distantly followed by China (X tonnes), Pakistan (X tonnes) and the Netherlands (X tonnes) represented the largest importers of palm fruit oil, together creating X% of total imports. Spain (X tonnes), Italy (X tonnes), Ghana (X tonnes), the U.S. (X tonnes), Bangladesh (X tonnes), Germany (X tonnes), Russia (X tonnes) and Myanmar (X tonnes) took the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by the Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar, Belgium and Ghana, which together accounted for a further X%.

Ghana (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Belgium

In 2017, the palm fruit oil import price in Belgium amounted to $X per tonne, growing by X% against the previous year. In general, the import price indicated a mild expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. Belgium import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform