Netherlands: Palm Kernel Market Overview 2021

Palm Kernel Market Size in the Netherlands

In 2019, after two years of growth, there was significant decline in the Dutch palm kernel market, when its value decreased by -X% to $X. In general, consumption, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2018, and then fell rapidly in the following year.

Palm Kernel Production in the Netherlands

In value terms, palm kernel production amounted to $X in 2019 estimated in export prices. Over the period under review, production showed a precipitous decrease. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. Palm kernel production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

The average yield of palm kernels in the Netherlands stood at X kg per ha in 2019, remaining relatively unchanged against the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of palm kernels production in the Netherlands was estimated at X ha, remaining stable against 2018 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Palm Kernel Exports

Exports from the Netherlands

In 2019, overseas shipments of palm kernels increased by X% to X tonnes for the first time since 2013, thus ending a five-year declining trend. In general, exports, however, continue to indicate a abrupt setback. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, palm kernel exports dropped to $X in 2019. Over the period under review, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for palm kernel exports from the Netherlands, accounting for a X% share of total exports. Moreover, palm kernel exports to Germany exceeded the volume sent to the second major destination, the UK (X tonnes), fivefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and France (-X% per year).

In value terms, Germany ($X), the U.S. ($X) and Iran ($X) constituted the largest markets for palm kernel exported from the Netherlands worldwide, with a combined X% share of total exports. These countries were followed by France, the UK, Italy, Sweden, Norway, Spain, Denmark and Poland, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, among 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 palm kernel export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then shrank markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Iran ($X per tonne), while the average price for exports to Germany ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Imports

Imports into the Netherlands

In 2019, supplies from abroad of palm kernels decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, total imports indicated modest growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, palm kernel imports rose notably to $X in 2019. Over the period under review, total imports indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest palm kernel supplier to the Netherlands, accounting for a X% share of total imports. Moreover, palm kernel imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), threefold. The third position in this ranking was occupied by South Africa (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-X% per year) and South Africa (+X% per year).

In value terms, Denmark ($X) constituted the largest supplier of palm kernel to the Netherlands, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and South Africa (+X% per year).

Import Prices by Country

In 2019, the average palm kernel import price amounted to $X per tonne, picking up by X% against the previous year. Overall, import price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the price for Benin ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?

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The countries with the highest volumes of palm kernel consumption in 2019 were India (8.1K tonnes), the U.S. (5.2K tonnes) and Spain (4.8K tonnes), with a combined 38% share of global consumption. Viet Nam, Germany, Turkey, Egypt, the Netherlands, Saudi Arabia, Japan, South Korea, New Zealand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of palm kernels in the world?

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The countries with the highest volumes of palm kernel production in 2019 were India (10K tonnes), the U.S. (5.5K tonnes) and Thailand (4.8K tonnes), together comprising 52% of global production. Austria, Egypt, New Zealand, Chile, Denmark, Peru, Myanmar, Indonesia, China and Afghanistan lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of palm kernels to the Netherlands?

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In value terms, Denmark ($12M) constituted the largest supplier of palm kernel to the Netherlands, comprising 26% of total imports. The second position in the ranking was occupied by Viet Nam ($3.9M), with a 8.5% share of total imports. It was followed by South Africa, with a 8.1% share.

What are the leading importers of palm kernels from the Netherlands?

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In value terms, the largest markets for palm kernel exported from the Netherlands were Germany ($5.8M), the U.S. ($4.8M) and Iran ($4.8M), together accounting for 36% of total exports. France, the UK, Italy, Sweden, Norway, Spain, Denmark and Poland lagged somewhat behind, together accounting for a further 34%.

What is the average export price for palm kernels in the Netherlands?

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The average palm kernel export price stood at $34,862 per tonne in 2019, waning by -21.3% against the previous year.

What is the average import price for palm kernels in the Netherlands?

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The average palm kernel import price stood at $18,858 per tonne in 2019, growing by 50% against the previous year.