Greece: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Greece

The Greek palm kernel oil market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption saw a pronounced expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Palm Kernel Oil Production in Greece

In value terms, palm kernel oil production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Palm kernel oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Palm Kernel Oil Exports

Exports from Greece

In 2022, exports of palm kernel and babassu oil from Greece rose to X tons, with an increase of X% against the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, palm kernel oil exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons) was the main destination for palm kernel oil exports from Greece, accounting for a X% share of total exports. Moreover, palm kernel oil exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

In value terms, Bulgaria ($X) emerged as the key foreign market for palm kernel and babassu oil exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Romania ($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 rate of growth in terms of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average palm kernel oil export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Palm Kernel Oil Imports

Imports into Greece

In 2022, approx. X tons of palm kernel and babassu oil were imported into Greece; jumping by X% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, palm kernel oil imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main suppliers of palm kernel oil imports to Greece, with a combined X% share of total imports. Sweden lagged somewhat behind, accounting for a further X%.

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

In value terms, Indonesia ($X), Malaysia ($X) and the Netherlands ($X) appeared to be the largest palm kernel oil suppliers to Greece, together accounting for X% of total imports. Sweden lagged somewhat behind, accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, surging by X% against the previous year. Overall, the import price posted buoyant growth. As a result, import price reached 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 Sweden ($X per ton) and Malaysia ($X per ton), while the price for Indonesia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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