Germany: Refined Palm Oil Market 2024

Refined Palm Oil Market Size in Germany

The German refined palm oil market soared to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a mild reduction. Refined palm oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refined Palm Oil Production in Germany

In value terms, refined palm oil production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Refined Palm Oil Exports

Exports from Germany

In 2022, after five years of decline, there was significant growth in shipments abroad of refined palm oil, when their volume increased by X% to X tons. Over the period under review, total exports indicated a buoyant 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. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, refined palm oil exports skyrocketed to $X in 2022. In general, total exports indicated a resilient expansion 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, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for refined palm oil exports from Germany, accounting for a X% share of total exports. Moreover, refined palm oil exports to Poland exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average refined palm oil export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated notable 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, refined palm oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Italy ($X per ton), while the average price for exports to the UK ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

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

Refined Palm Oil Imports

Imports into Germany

Refined palm oil imports into Germany declined to X tons in 2022, with a decrease of X% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, refined palm oil imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest refined palm oil supplier to Germany, with a X% share of total imports. Moreover, refined palm oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Indonesia (X% per year).

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

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

Import Prices by Country

In 2022, the average refined palm oil import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated temperate 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, refined palm oil import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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