Czech Republic: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in the Czech Republic

The Czech palm kernel oil market soared to $X in 2020, jumping by 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). Overall, consumption, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Palm Kernel Oil Exports

Exports from the Czech Republic

Palm kernel oil exports from the Czech Republic declined dramatically to X kg in 2020, with a decrease of -X% against the year before. In general, exports saw a dramatic decline. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. from 2010 to 2020, the growth exports failed to regain the momentum.

In value terms, palm kernel oil exports declined markedly to $X in 2020. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2010 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X kg), Slovenia (X kg) and Poland (X kg) were the main destinations of palm kernel oil exports from the Czech Republic, together comprising X% of total exports. The Netherlands and Germany lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for palm kernel oil exported from the Czech Republic were Poland ($X), Slovenia ($X) and the Netherlands ($X), with a combined X% share of total exports. Germany and Slovakia lagged somewhat behind, together comprising a further X (+X% per year) recorded 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 oil export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price saw significant growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Poland ($X per tonne), while the average price for exports to Slovakia ($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 Slovenia, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into the Czech Republic

In 2020, overseas purchases of palm kernel and babassu oil increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. In general, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, palm kernel oil imports soared to $X in 2020. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of palm kernel oil to the Czech Republic, accounting for a X% share of total imports. Moreover, palm kernel oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold.

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

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

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

Import Prices by Country

The average palm kernel oil import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Malaysia ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

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The countries with the highest volumes of palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (770K tonnes), with a combined 66% share of global consumption. These countries were followed by the U.S., Germany, Brazil, Thailand, the Netherlands and Nigeria, which together accounted for a further 17%.

What are the largest producers of palm kernel and babassu oil in the world?

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The country with the largest volume of palm kernel oil production was Indonesia (5.1M tonnes), accounting for 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. The third position in this ranking was occupied by Thailand (300K tonnes), with a 3.4% share.

What are the leading suppliers of palm kernel and babassu oil to the Czech Republic?

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In value terms, the Netherlands ($982K) constituted the largest supplier of palm kernel oil to the Czech Republic, comprising 63% of total imports. The second position in the ranking was occupied by Malaysia ($487K), with a 31% share of total imports.

What are the leading importers of palm kernel and babassu oil from the Czech Republic?

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In value terms, Poland ($3.2K), Slovenia ($2.3K) and the Netherlands ($1.5K) were the largest markets for palm kernel oil exported from the Czech Republic worldwide, with a combined 79% share of total exports. These countries were followed by Germany and Slovakia, which together accounted for a further 15%.

What is the average export price for palm kernel and babassu oil in the Czech Republic?

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The average palm kernel oil export price stood at $27,374 per tonne in 2020, jumping by 634% against the previous year.

What is the average import price for palm kernel and babassu oil in the Czech Republic?

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In 2020, the average palm kernel oil import price amounted to $1,243 per tonne, surging by 13% against the previous year.