Germany: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German palm kernel oil market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. Palm kernel oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Palm Kernel Oil Exports

Exports from Germany

For the sixth consecutive year, Germany recorded growth in shipments abroad of palm kernel and babassu oil, which increased by X% to X tons in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, palm kernel oil exports skyrocketed to $X in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for palm kernel oil exports from Germany, accounting for a X% share of total exports. Moreover, palm kernel oil exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for palm kernel and babassu oil exports from Germany, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated pronounced growth 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, palm kernel oil export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Serbia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Palm Kernel Oil Imports

Imports into Germany

In 2022, supplies from abroad of palm kernel and babassu oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a slight setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, palm kernel oil imports reached $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and the Netherlands (X tons) were the main suppliers of palm kernel oil imports to Germany, with a combined X% share of total imports. Singapore, Honduras, Nigeria and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

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

In value terms, Malaysia ($X), Indonesia ($X) and the Netherlands ($X) constituted the largest palm kernel oil suppliers to Germany, together accounting for X% of total imports. Singapore, Honduras, Nigeria and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Nigeria, with a CAGR of X%, 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

The average palm kernel oil import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price showed measured growth. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :