Report Update Apr 1, 2024

Slovakia - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Slovakia

In 2022, the Slovak palm kernel oil market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption enjoyed significant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Palm Kernel Oil Exports

Exports from Slovakia

In 2022, after four years of decline, there was significant decline in shipments abroad of palm kernel and babassu oil, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The smallest decline of X% was in 2019. The exports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, palm kernel oil exports fell sharply to $X in 2022. Overall, exports, however, showed significant growth. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Poland (X tons), Bulgaria (X tons) and Lithuania (X tons) were the main destinations of palm kernel oil exports from Slovakia, together accounting for X% of total exports.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Bulgaria ($X) and Lithuania ($X) appeared to be the largest markets for palm kernel oil exported from Slovakia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of X%, recorded 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, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Slovakia

In 2022, overseas purchases of palm kernel and babassu oil increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, palm kernel oil imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X tons) was the main palm kernel oil supplier to Slovakia, accounting for a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled X%.

In value terms, Sweden ($X) constituted the largest supplier of palm kernel and babassu oil to Slovakia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled X%.

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. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

The countries with the highest volumes of consumption in 2023 were Indonesia, Malaysia and China, together accounting for 68% of global consumption.

What are the largest producers of palm kernel and babassu oil in the world?

Indonesia constituted the country with the largest volume of palm kernel oil production, comprising approx. 57% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 3.3% share.

What are the leading suppliers of palm kernel and babassu oil to Slovakia?

In value terms, Sweden constituted the largest supplier of palm kernel and babassu oil to Slovakia, comprising 97% of total imports. The second position in the ranking was held by the Netherlands, with a 1.7% share of total imports.

What are the leading importers of palm kernel and babassu oil from Slovakia?

In value terms, Poland, Bulgaria and Lithuania constituted the largest markets for palm kernel oil exported from Slovakia worldwide, together comprising 95% of total exports.

What is the average export price for palm kernel and babassu oil in Slovakia?

The average palm kernel oil export price stood at $2,081 per ton in 2022, jumping by 175% against the previous year.

What is the average import price for palm kernel and babassu oil in Slovakia?

The average palm kernel oil import price stood at $2,305 per ton in 2022, growing by 43% against the previous year.

This report provides an in-depth analysis of the palm kernel oil market in Slovakia. 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 2030.

Product coverage:

FCL 258 - Oil of Palm Kernel

Country coverage:

Slovakia

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023