Netherlands: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in the Netherlands

In 2022, the Dutch palm kernel oil market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Palm Kernel Oil Exports

Exports from the Netherlands

In 2022, exports of palm kernel and babassu oil from the Netherlands dropped sharply to X tons, waning by X% against the previous year's figure. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, palm kernel oil exports declined remarkably to $X in 2022. In general, exports continue to indicate a mild decrease. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of palm kernel oil exports from the Netherlands, together accounting for X% of total exports. Spain, Hungary, Austria, France, Poland, Russia and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Belgium ($X) and Italy ($X) constituted the largest markets for palm kernel oil exported from the Netherlands worldwide, with a combined X% share of total exports. Spain, France, Austria, Hungary, Poland, Russia and Sweden lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average palm kernel oil export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a measured 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, palm kernel oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 Russia ($X per ton), while the average price for exports to Hungary ($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.

Palm Kernel Oil Imports

Imports into the Netherlands

Palm kernel oil imports into the Netherlands contracted remarkably to X tons in 2022, with a decrease of X% against the year before. Overall, total imports indicated a pronounced increase 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. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, palm kernel oil imports soared to $X in 2022. In general, total imports indicated a prominent 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, imports increased by X% against 2019 indices. 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 gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), Papua New Guinea (X tons) and Colombia (X tons) were the main suppliers of palm kernel oil imports to the Netherlands, together accounting for X% of total imports. Guatemala, Honduras, Costa Rica and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest palm kernel oil suppliers to the Netherlands were Malaysia ($X), Papua New Guinea ($X) and Colombia ($X), together comprising X% of total imports. Guatemala, Honduras, Costa Rica and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Guatemala, 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

In 2022, the average palm kernel oil import price amounted to $X per ton, surging by X% against the previous year. In general, the import price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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