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Finland - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Finland

After two years of decline, the Finnish palm kernel oil market increased by X% to $X in 2020. In general, consumption, however, posted a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Palm kernel oil consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Oil Production in Finland

In value terms, palm kernel oil production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Palm Kernel Oil Exports

Exports from Finland

In 2020, shipments abroad of palm kernel and babassu oil decreased by X% to X kg for the first time since 2016, thus ending a three-year declining trend. In general, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports totaled $X in 2020. Overall, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Uganda (X kg) was the main destination for palm kernel oil exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Uganda was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Uganda was relatively modest.

Export Prices by Country

The average palm kernel oil export price stood at $X per tonne in 2020, therefore, remained relatively stable against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2007 to 2020, the rate of growth in terms of prices for Uganda amounted to X% per year.

Palm Kernel Oil Imports

Imports into Finland

In 2020, purchases abroad of palm kernel and babassu oil decreased by -X% to X tonnes, falling for the fifth consecutive year after two years of growth. Overall, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, palm kernel oil imports dropped notably to $X in 2020. Over the period under review, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

Sweden (X tonnes), the UK (X kg) and the Netherlands (X kg) were the main suppliers of palm kernel oil imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Sweden, while purchases for the other leaders experienced a decline.

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

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

Import Prices by Country

In 2020, the average palm kernel oil import price amounted to $X per tonne, approximately equating the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox 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 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (842K tonnes), with a combined 66% share of global consumption.
What are the largest producers of palm kernel and babassu oil in the world?
+
Indonesia (5.1M tonnes) constituted the country with the largest volume of palm kernel oil production, comprising approx. 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. Thailand (300K tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to Finland?
+
In value terms, the UK ($2.3K) constituted the largest supplier of palm kernel oil to Finland, comprising 75% of total imports. The second position in the ranking was occupied by Sweden ($447), with a 15% share of total imports.
What is the average export price for palm kernel and babassu oil in Finland?
+
In 2020, the average palm kernel oil export price amounted to $4,379 per tonne, flattening at the previous year.
What is the average import price for palm kernel and babassu oil in Finland?
+
In 2020, the average palm kernel oil import price amounted to $1,091 per tonne, almost unchanged from the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the palm kernel oil market in Finland. 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.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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