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Belgium - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Belgium: Refined Palm Oil Market Overview 2021

Refined Palm Oil Market Size in Belgium

The Belgian refined palm oil market was finally on the rise to reach $X in 2020, after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Refined palm oil consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Refined Palm Oil Production in Belgium

In value terms, refined palm oil production dropped to $X in 2020 estimated in export prices. Overall, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a somewhat lower figure.

Refined Palm Oil Exports

Exports from Belgium

In 2020, approx. X tonnes of refined palm oil were exported from Belgium; shrinking by -X% against 2019. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, refined palm oil exports shrank dramatically to $X in 2020. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2014 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for refined palm oil exports from Belgium, accounting for a X% share of total exports. Moreover, refined palm oil exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (-X% per year).

In value terms, Germany ($X) remains the key foreign market for refined palm oil exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (-X% per year).

Export Prices by Country

The average refined palm oil export price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to the Netherlands ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Refined Palm Oil Imports

Imports into Belgium

Refined palm oil imports into Belgium soared to X tonnes in 2020, surging by X% against the previous year. In general, total imports indicated a temperate increase from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, refined palm oil imports soared to $X in 2020. Overall, total imports indicated a measured increase from 2007 to 2020: its value 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. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of refined palm oil to Belgium, with a X% share of total imports. Moreover, refined palm oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), more than tenfold. Indonesia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Indonesia (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined palm oil to Belgium, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average refined palm oil import price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Malaysia ($X per tonne) and Germany ($X per tonne), while the price for Indonesia ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were China (12M tonnes), the U.S. (6.5M tonnes) and India (5.2M tonnes), together accounting for 29% of global consumption. These countries were followed by Pakistan, Japan, Brazil, Russia, Indonesia, Bangladesh, Nigeria, Mexico and Turkey, which together accounted for a further 24%.
What are the largest producers of refined palm oil in the world?
+
Indonesia (13M tonnes) constituted the country with the largest volume of refined palm oil production, accounting for 19% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, China (5.5M tonnes), twofold. Malaysia (5.5M tonnes) ranked third in terms of total production with a 7.9% share.
What are the leading suppliers of refined palm oil to Belgium?
+
In value terms, the Netherlands ($327M) constituted the largest supplier of refined palm oil to Belgium, comprising 77% of total imports. The second position in the ranking was occupied by Germany ($33M), with a 7.8% share of total imports. It was followed by Malaysia, with a 5.1% share.
What are the leading importers of refined palm oil from Belgium?
+
In value terms, Germany ($16M) remains the key foreign market for refined palm oil exports from Belgium, comprising 47% of total exports. The second position in the ranking was occupied by the Netherlands ($6.4M), with a 19% share of total exports. It was followed by France, with a 8.9% share.
What is the average export price for refined palm oil in Belgium?
+
The average refined palm oil export price stood at $1,156 per tonne in 2020, with an increase of 29% against the previous year.
What is the average import price for refined palm oil in Belgium?
+
In 2020, the average refined palm oil import price amounted to $791 per tonne, surging by 3.2% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

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 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2025
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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