Europe: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Europe

The Europe crude palm oil market amounted to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a noticeable shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Crude Palm Oil Production in Europe

In value terms, crude palm oil production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports in Europe

In 2022, overseas shipments of crude palm oil decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, crude palm oil exports totaled $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The Netherlands dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Spain (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crude palm oil exports from the Netherlands stood at X%. At the same time, Belgium (X%) and Spain (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.) and Belgium (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest crude palm oil supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude palm oil export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Crude Palm Oil Imports

Imports in Europe

In 2022, supplies from abroad of crude palm oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports rose markedly to $X in 2022. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Germany (X tons), Italy (X tons), Spain (X tons) and the UK (X tons), together mixing up a X% share of total imports. France (X tons) and Belgium (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to crude palm oil imports into the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Spain (X%), Italy (X%), the UK (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported crude palm oil in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a temperate increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and the UK ($X per ton), while Italy ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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