Belgium: Palm Kernel Market Overview 2021

Palm Kernel Market Size in Belgium

The Belgian palm kernel market skyrocketed to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Palm kernel consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Palm Kernel Exports

Exports from Belgium

In 2019, palm kernel exports from Belgium declined to X tonnes, waning by -X% on the previous year's figure. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a lower figure.

In value terms, palm kernel exports dropped sharply to $X in 2019. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2016 to 2019, the growth exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for palm kernel exports from Belgium, with a X% share of total exports. Moreover, palm kernel exports to the Netherlands exceeded the volume sent to the second major destination, France (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and New Zealand (+X% per year).

In value terms, New Zealand ($X), the Netherlands ($X) and France ($X) were the largest markets for palm kernel exported from Belgium worldwide, together accounting for X% of total exports.

New Zealand saw the highest rates of growth with regard to the value of exports, in terms of 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

The average palm kernel export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was New Zealand ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Imports

Imports into Belgium

In 2019, overseas purchases of palm kernels increased by X% to X tonnes, rising for the second year in a row after three years of decline. Overall, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, palm kernel imports expanded sharply to $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest palm kernel supplier to Belgium, with a X% share of total imports. Moreover, palm kernel imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and China (+X% per year).

In value terms, the largest palm kernel suppliers to Belgium were the Netherlands ($X), France ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Germany and Poland, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average palm kernel import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?

+

The countries with the highest volumes of palm kernel consumption in 2019 were India (8.1K tonnes), the U.S. (5.2K tonnes) and Spain (4.8K tonnes), with a combined 38% share of global consumption. Viet Nam, Germany, Turkey, Egypt, the Netherlands, Saudi Arabia, Japan, South Korea, New Zealand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of palm kernels in the world?

+

The countries with the highest volumes of palm kernel production in 2019 were India (10K tonnes), the U.S. (5.5K tonnes) and Thailand (4.8K tonnes), together accounting for 52% of global production. These countries were followed by Austria, Egypt, New Zealand, Chile, Denmark, Peru, Myanmar, Indonesia, China and Afghanistan, which together accounted for a further 33%.

What are the leading suppliers of palm kernels to Belgium?

+

In value terms, the largest palm kernel suppliers to Belgium were the Netherlands ($970K), France ($966K) and China ($459K), with a combined 61% share of total imports. Germany and Poland lagged somewhat behind, together accounting for a further 15%.

What are the leading importers of palm kernels from Belgium?

+

In value terms, the largest markets for palm kernel exported from Belgium were New Zealand ($581K), the Netherlands ($446K) and France ($257K), with a combined 88% share of total exports.

What is the average export price for palm kernels in Belgium?

+

The average palm kernel export price stood at $3,206 per tonne in 2019, which is down by -12.7% against the previous year.

What is the average import price for palm kernels in Belgium?

+

In 2019, the average palm kernel import price amounted to $4,083 per tonne, reducing by -11.5% against the previous year.