Spain: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Spain

The revenue of the palm fruit oil market in Spain amounted to $X in 2017, jumping by X% against the previous year. Overall, palm fruit oil consumption continues to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2013, when market value increased by X% y-o-y. Spain palm fruit oil consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Palm Fruit Oil Production in Spain

Palm fruit oil production in Spain amounted to X kg in 2017, standing approx. at the previous year. Overall, palm fruit oil production continues to indicate a relatively flat trend pattern.

Palm Fruit Oil Exports from Spain

In 2017, the amount of palm fruit oil exported from Spain totaled X tons, going up by X% against the previous year. Overall, the total exports indicated a modest increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when exports increased by X% year-to-year. Over the period under review, the palm fruit oil exports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, palm fruit oil exports totaled $X in 2017. Overall, the total exports indicated a modest expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports increased by +X% against 2015 indices. Spain exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports by Country from Spain

Indonesia represented the largest exporter of palm fruit oil in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Malaysia (X tons), creating X% share of total exports. The Netherlands (X tons), Papua New Guinea (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Indonesia stood at +X%. At the same time, Guatemala (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest palm fruit oil markets worldwide were Indonesia ($X), Malaysia ($X) and the Netherlands ($X), with a combined X% share of total exports. Papua New Guinea, Guatemala and Spain lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries , Guatemala (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Export Prices by Country in Spain

In 2017, the palm fruit oil export price in Spain amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, palm fruit oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when the export prices increased by X% against the previous year. In that year, the export prices for palm fruit oil attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for palm fruit oil failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Malaysia ($X per ton) and the Netherlands ($X per ton), while Guatemala ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports into Spain

Palm fruit oil imports into Spain stood at X tons in 2017, picking up by X% against the previous year. Overall, palm fruit oil imports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2013, when imports increased by X% year-to-year. Over the period under review, the palm fruit oil imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, palm fruit oil imports stood at $X in 2017. Overall, palm fruit oil imports continue to indicate an outstanding growth. Spain imports peaked in 2017, and are likely to continue its growth in the immediate term.

Palm Fruit Oil Imports by Country into Spain

In 2017, India (X tons), distantly followed by China (X tons), Pakistan (X tons) and the Netherlands (X tons) were the largest importers of palm fruit oil, together creating X% of total imports. Spain (X tons), Italy (X tons), Ghana (X tons), the U.S. (X tons), Bangladesh (X tons), Germany (X tons), Russia (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports. The Netherlands, Spain, Italy, the U.S., Bangladesh, Germany, Russia, Myanmar and Ghana lagged somewhat behind, together comprising a further X%.

Ghana (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Import Prices by Country in Spain

The palm fruit oil import price in Spain stood at $X per ton in 2017, jumping by X% against the previous year. In general, the import price indicated a mild increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Spain import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform