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Ireland - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Ireland: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Ireland

In 2019, after three years of growth, there was decline in the Irish crude palm oil market, when its value decreased by -X% to $X. Over the period under review, consumption posted prominent growth. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market remained at a lower figure.

Crude Palm Oil Exports

Exports from Ireland

In 2019, shipments abroad of crude palm oil increased by X% to X tonnes, rising for the second year in a row after six years of decline. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, crude palm oil exports expanded modestly to $X in 2019. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for crude palm oil exports from Ireland, accounting for a X% share of total exports. Moreover, crude palm oil exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tonnes), more than tenfold. The third position in this ranking was occupied by Denmark (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at +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, the UK ($X), the Netherlands ($X) and Denmark ($X) appeared to be the largest markets for crude palm oil exported from Ireland worldwide, with a combined X% share of total exports.

Denmark (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude palm oil export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced mixed trend patterns.

Crude Palm Oil Imports

Imports into Ireland

In 2019, approx. X tonnes of crude palm oil were imported into Ireland; picking up by X% compared with 2018. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, crude palm oil imports dropped to $X in 2019. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Malaysia (X tonnes) was the main supplier of crude palm oil to Ireland, with a X% share of total imports. Moreover, crude palm oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia totaled +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Malaysia totaled +X%.

Import Prices by Country

The average crude palm oil import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Malaysia ($X per tonne), while the price for the UK amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?
+
The country with the largest volume of crude palm oil consumption was Indonesia (36M tonnes), accounting for 46% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (17M tonnes), twofold. India (6.6M tonnes) ranked third in terms of total consumption with a 8.5% share.
What are the largest producers of crude palm oil in the world?
+
Indonesia (44M tonnes) remains the largest crude palm oil producing country worldwide, comprising approx. 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (20M tonnes), twofold. The third position in this ranking was occupied by Thailand (3M tonnes), with a 4% share.
What are the leading suppliers of crude palm oil to Ireland?
+
In value terms, Malaysia ($50M) constituted the largest supplier of crude palm oil to Ireland, comprising 96% of total imports. The second position in the ranking was occupied by the UK ($1.4M), with a 2.6% share of total imports.
What are the leading importers of crude palm oil from Ireland?
+
In value terms, the UK ($47K), the Netherlands ($47K) and Denmark ($2.7K) constituted the largest markets for crude palm oil exported from Ireland worldwide, with a combined 98% share of total exports.
What is the average export price for crude palm oil in Ireland?
+
The average crude palm oil export price stood at $821 per tonne in 2019, shrinking by -18.2% against the previous year.
What is the average import price for crude palm oil in Ireland?
+
The average crude palm oil import price stood at $818 per tonne in 2019, which is down by -7% against the previous year.

Product coverage:
• FCL 257 - Oil of palm

This report provides an in-depth analysis of the crude palm oil market in Ireland. 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:

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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2025
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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