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Belgium - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Belgium: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Belgium

In 2020, the Belgian palm kernel oil market decreased by -X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Belgium

In 2020, overseas shipments of palm kernel and babassu oil were finally on the rise to reach X tonnes after three years of decline. In general, exports continue to indicate prominent growth. Over the period under review, exports attained the maximum at X tonnes in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, palm kernel oil exports soared to $X in 2020. Over the period under review, exports recorded a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tonnes) was the main destination for palm kernel oil exports from Belgium, with a X% share of total exports. Moreover, palm kernel oil exports to Italy exceeded the volume sent to the second major destination, Germany (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the UK (+X% per year).

In value terms, the largest markets for palm kernel oil exported from Belgium were Italy ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports.

The UK (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average palm kernel oil export price amounted to $X per tonne, declining by -X% against the previous year. In general, export price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, palm kernel oil export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Belgium

In 2020, supplies from abroad of palm kernel and babassu oil decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Over the period under review, imports recorded a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, palm kernel oil imports reduced modestly to $X in 2020. Overall, imports recorded a mild increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Indonesia (X tonnes), the Netherlands (X tonnes) and Malaysia (X tonnes) were the main suppliers of palm kernel oil imports to Belgium, with a combined X% share of total imports. These countries were followed by Papua New Guinea, Germany and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in Germany (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Netherlands ($X) and Malaysia ($X) constituted the largest palm kernel oil suppliers to Belgium, together accounting for X% of total imports. These countries were followed by Papua New Guinea, Germany and the UK, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, falling by -X% against the previous year. In general, import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, palm kernel oil import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?
+
The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (842K tonnes), with a combined 66% share of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
The country with the largest volume of palm kernel oil production was Indonesia (5.1M tonnes), comprising approx. 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. Thailand (300K tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to Belgium?
+
In value terms, Indonesia ($12M), the Netherlands ($9.8M) and Malaysia ($7.9M) appeared to be the largest palm kernel oil suppliers to Belgium, together comprising 79% of total imports. Papua New Guinea, Germany and the UK lagged somewhat behind, together accounting for a further 20%.
What are the leading importers of palm kernel and babassu oil from Belgium?
+
In value terms, Italy ($1.6M), Germany ($819K) and the UK ($626K) appeared to be the largest markets for palm kernel oil exported from Belgium worldwide, together comprising 67% of total exports.
What is the average export price for palm kernel and babassu oil in Belgium?
+
The average palm kernel oil export price stood at $1,761 per tonne in 2020, dropping by -6.1% against the previous year.
What is the average import price for palm kernel and babassu oil in Belgium?
+
In 2020, the average palm kernel oil import price amounted to $1,179 per tonne, shrinking by -3% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the palm kernel 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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