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

Refined Palm Oil Market Size in the EU

After two years of decline, the EU refined palm oil market increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Refined Palm Oil Production in the EU

In value terms, refined palm oil production expanded rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is likely to see steady growth in the near future.

Production By Country in the EU

The countries with the highest volumes of refined palm oil production in 2020 were the Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes), together comprising X% of total production. These countries were followed by Poland, Spain, Romania, Austria, Hungary, the Czech Republic, Sweden, Portugal, Slovakia and Italy, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain, while refined palm oil production for the other leaders experienced more modest paces of growth.

Refined Palm Oil Exports

Exports in the EU

Refined palm oil exports fell to X tonnes in 2020, shrinking by -X% against the year before. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, refined palm oil exports expanded slightly to $X in 2020. The total export 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the main exporter of refined palm oil in the European Union, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2020. Germany (X tonnes) ranks second in terms of the total exports with a X% share, followed by Estonia (X%), Italy (X%) and Denmark (X%). Spain (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Estonia (+X%), Denmark (+X%), Italy (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. Spain and Belgium experienced a relatively flat trend pattern. While the share of Estonia (+X p.p.), Germany (+X p.p.), Denmark (+X p.p.) and Italy (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the Netherlands (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest refined palm oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the Netherlands amounted to -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Estonia (+X% per year).

Export Prices by Country

In 2020, the refined palm oil export price in the European Union amounted to $X per tonne, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

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

Refined Palm Oil Imports

Imports in the EU

In 2020, supplies from abroad of refined palm oil decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Total imports indicated a perceptible expansion 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. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, refined palm oil imports reduced modestly to $X in 2020. Total imports indicated a noticeable increase from 2007 to 2020: its value 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. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Italy (X tonnes), distantly followed by Belgium (X tonnes), Spain (X tonnes), Germany (X tonnes), the Netherlands (X tonnes), Poland (X tonnes) and Estonia (X tonnes) were the major importers of refined palm oil, together generating X% of total imports. Denmark (X tonnes), France (X tonnes), Greece (X tonnes) and Ireland (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Estonia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports. Spain, the Netherlands, Poland, Estonia, Denmark, France, Greece and Ireland lagged somewhat behind, together accounting for a further X terms of the main importing countries, Estonia (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the refined palm oil import price in the European Union amounted to $X per tonne, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in France ($X per tonne) and Germany ($X per tonne), while Spain ($X per tonne) and Estonia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders 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 the EU?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were France (1.2M tonnes), the Netherlands (893K tonnes) and Italy (821K tonnes), with a combined 37% share of total consumption. These countries were followed by Spain, Poland, Belgium, Germany, Romania, Austria, Hungary, Sweden, Denmark and the Czech Republic, which together accounted for a further 52%.
What are the largest producers of refined palm oil in the the EU?
+
The countries with the highest volumes of refined palm oil production in 2020 were the Netherlands (1.6M tonnes), France (1M tonnes) and Germany (500K tonnes), with a combined 52% share of total production. Poland, Spain, Romania, Austria, Hungary, the Czech Republic, Sweden, Portugal, Slovakia and Italy lagged somewhat behind, together accounting for a further 39%.
What are the leading suppliers of refined palm oil in the the EU?
+
In value terms, the Netherlands ($840M) remains the largest refined palm oil supplier in the European Union, comprising 51% of total exports. The second position in the ranking was occupied by Germany ($278M), with a 17% share of total exports. It was followed by Estonia, with a 9% share.
What are the leading importers of refined palm oil in the the EU?
+
In value terms, Italy ($660M), Belgium ($424M) and Germany ($354M) constituted the countries with the highest levels of imports in 2020, with a combined 47% share of total imports. Spain, the Netherlands, Poland, Estonia, Denmark, France, Greece and Ireland lagged somewhat behind, together accounting for a further 44%.
What is the average export price for refined palm oil in the the EU?
+
In 2020, the refined palm oil export price in the European Union amounted to $907 per tonne, surging by 11% against the previous year.
What is the average import price for refined palm oil in the the EU?
+
The refined palm oil import price in the European Union stood at $833 per tonne in 2020, growing by 9.7% 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 the EU. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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