Denmark: Palm Kernel Market Overview 2021

Palm Kernel Market Size in Denmark

The Danish palm kernel market totaled $X in 2018, approximately equating the previous year. In general, consumption posted a significant increase. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Palm kernel consumption peaked at $X in 2013; afterwards, it flattened through to 2018.

Palm Kernel Production in Denmark

In value terms, palm kernel production fell remarkably to $X in 2019 estimated in export prices. Over the period under review, production recorded a slight descent. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2018, and then declined notably in the following year.

The average yield of palm kernels in Denmark stood at X kg per ha in 2019, leveling off at 2018 figures. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of palm kernels in Denmark was estimated at X ha, almost unchanged from the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Palm Kernel Exports

Exports from Denmark

In 2019, shipments abroad of palm kernels decreased by -X% to X tonnes for the first time since 2014, thus ending a four-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018, and then shrank in the following year.

In value terms, palm kernel exports amounted to $X in 2019. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Italy (X tonnes) and Uganda (X tonnes) were the main destinations of palm kernel exports from Denmark, together comprising X% of total exports. These countries were followed by Germany, Poland, Spain, the U.S., Sweden, the UK, Yemen, France, South Africa and Finland, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for palm kernel exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average palm kernel export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

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

Palm Kernel Imports

Imports into Denmark

Palm kernel imports into Denmark soared to X tonnes in 2019, growing by X% against the previous year. In general, imports recorded temperate growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, palm kernel imports expanded markedly to $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Sweden (X tonnes) constituted the largest supplier of palm kernel to Denmark, with a X% share of total imports. Moreover, palm kernel imports from Sweden exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Sweden totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (-X% per year).

In value terms, Japan ($X) constituted the largest supplier of palm kernel to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Japan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Chile (-X% per year).

Import Prices by Country

The average palm kernel import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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?

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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 comprising a further 27%.

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

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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 Denmark?

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In value terms, Japan ($9.9M) constituted the largest supplier of palm kernel to Denmark, comprising 62% of total imports. The second position in the ranking was occupied by Sweden ($2.9M), with a 18% share of total imports. It was followed by Chile, with a 4.2% share.

What are the leading importers of palm kernels from Denmark?

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In value terms, the Netherlands ($15M) remains the key foreign market for palm kernel exports from Denmark, comprising 63% of total exports. The second position in the ranking was occupied by the U.S. ($2M), with a 8.1% share of total exports. It was followed by Italy, with a 4.9% share.

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

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In 2019, the average palm kernel export price amounted to $11,940 per tonne, jumping by 20% against the previous year.

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

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In 2019, the average palm kernel import price amounted to $18,142 per tonne, which is down by -11.2% against the previous year.