France: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in France

In 2022, the French crude palm oil market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a mild expansion. Crude palm oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from France

In 2022, overseas shipments of crude palm oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude palm oil exports reduced to $X in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Spain (X tons) and Slovenia (X tons) were the main destinations of crude palm oil exports from France, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for crude palm oil exports from France, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Slovenia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average crude palm oil export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a mild 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 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Crude Palm Oil Imports

Imports into France

In 2022, purchases abroad of crude palm oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, crude palm oil imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main suppliers of crude palm oil imports to France, with a combined X% share of total imports. Spain, Honduras, Belgium and Peru lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of crude palm oil to France, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average crude palm oil import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded measured growth. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Honduras ($X per ton), while the price for the Netherlands ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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