
Czech Republic - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Czech Republic: Palm Kernel Oil Market Overview 2021
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Palm Kernel Oil Market Size in the Czech Republic
In 2019, the Czech palm kernel oil market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw buoyant growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market failed to regain the momentum.
Palm Kernel Oil Exports
Exports from the Czech Republic
In 2019, approx. X tonnes of palm kernel and babassu oil were exported from the Czech Republic; dropping by -X% compared with 2018. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.
In value terms, palm kernel oil exports expanded rapidly to $X in 2019. In general, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Slovakia (X tonnes), Denmark (X tonnes) and the Netherlands (X kg) were the main destinations of palm kernel oil exports from the Czech Republic, with a combined X% share of total exports.
From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark, while exports for the other leaders experienced mixed trend patterns.
In value terms, Slovakia ($X) emerged as the key foreign market for palm kernel oil exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Poland, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value to Slovakia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Poland (+X% per year).
Export Prices by Country
The average palm kernel oil export price stood at $X per tonne in 2019, jumping by X% against the previous year. In general, the export price posted buoyant growth. The growth pace was the most rapid in 2012 an increase of X% year-to-year. The export price peaked in 2019 and is likely to continue growth in the near future.
Prices varied noticeably by the country of destination; the country with the highest price was Poland ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.
Palm Kernel Oil Imports
Imports into the Czech Republic
In 2019, purchases abroad of palm kernel and babassu oil increased by X% to X tonnes, rising for the third year in a row after four years of decline. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.
In value terms, palm kernel oil imports surged to $X in 2019. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2013 to 2019, the growth imports remained at a somewhat lower figure.
Imports by Country
The Netherlands (X tonnes) and Sweden (X tonnes) were the main suppliers of palm kernel oil imports to the Czech Republic, with a combined X% share of total imports.
From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands.
In value terms, Sweden ($X) constituted the largest supplier of palm kernel oil to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.
From 2007 to 2019, the average annual growth rate of value from Sweden stood at +X%.
Import Prices by Country
In 2019, the average palm kernel oil import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per tonne), while the price for the Netherlands amounted to $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden.
Source: IndexBox AI 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 2019 were Indonesia (2.8M tonnes), Malaysia (1.9M tonnes) and China (802K tonnes), with a combined 66% share of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?+
Indonesia (4.7M tonnes) constituted the country with the largest volume of palm kernel oil production, accounting for 56% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.3M tonnes), twofold. The third position in this ranking was occupied by Thailand (276K tonnes), with a 3.3% share.
What are the leading suppliers of palm kernel and babassu oil to the Czech Republic?+
In value terms, Sweden ($743K) constituted the largest supplier of palm kernel oil to the Czech Republic, comprising 74% of total imports. The second position in the ranking was occupied by the Netherlands ($236K), with a 24% share of total imports.
What are the leading importers of palm kernel and babassu oil from the Czech Republic?+
In value terms, Slovakia ($7K) emerged as the key foreign market for palm kernel oil exports from the Czech Republic, comprising 51% of total exports. The second position in the ranking was occupied by Denmark ($2.6K), with a 19% share of total exports. It was followed by Poland, with a 17% share.
What is the average export price for palm kernel and babassu oil in the Czech Republic?+
In 2019, the average palm kernel oil export price amounted to $3,639 per tonne, picking up by 23% against the previous year.
What is the average import price for palm kernel and babassu oil in the Czech Republic?+
The average palm kernel oil import price stood at $1,010 per tonne in 2019, with a decrease of -29% against the previous year.
This report provides an in-depth analysis of the palm kernel oil market in the Czech Republic. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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