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Spain - Palm Kernels - Market Analysis, Forecast, Size, Trends and Insights
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Spain: Palm Kernel Market Overview 2021

Palm Kernel Market Size in Spain

After two years of decline, the Spanish palm kernel market increased by X% to $X in 2020. In general, consumption showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Palm Kernel Production in Spain

In value terms, palm kernel production totaled $X in 2020 estimated in export prices. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in the near future.

In 2020, the average palm kernel yield in Spain amounted to X kg per ha, almost unchanged from 2019 figures. Over the period under review, the yield saw 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 2020, the palm kernel harvested area in Spain totaled X ha, therefore, remained relatively stable against 2019. Overall, the harvested area saw a relatively flat trend pattern.

Palm Kernel Exports

Exports from Spain

In 2020, shipments abroad of palm kernels was finally on the rise to reach X tonnes for the first time since 2016, thus ending a three-year declining trend. Overall, exports saw a resilient increase. Over the period under review, exports attained the maximum at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, palm kernel exports skyrocketed to $X in 2020. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

France (X tonnes) was the main destination for palm kernel exports from Spain, accounting for a X% share of total exports. Moreover, palm kernel exports to France exceeded the volume sent to the second major destination, Germany (X tonnes), fivefold. Portugal (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Portugal (+X% per year).

In value terms, the largest markets for palm kernel exported from Spain were France ($X), Germany ($X) and Portugal ($X), together comprising X% of total exports.

Among the main countries of destination, Germany (+X% per year) 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 2020, the average palm kernel export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Imports

Imports into Spain

In 2020, purchases abroad of palm kernels increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. In general, imports posted resilient growth. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, palm kernel imports surged to $X in 2020. Overall, imports recorded noticeable growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

France (X tonnes), China (X tonnes) and the Netherlands (X tonnes) were the main suppliers of palm kernel imports to Spain, with a combined X% share of total imports. Italy, Germany, the UK and Lithuania lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the UK (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and China ($X) were the largest palm kernel suppliers to Spain, together comprising X% of total imports.

The UK (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average palm kernel import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per tonne), while the price for Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?
+
Indonesia (12M tonnes) remains the largest palm kernel consuming country worldwide, comprising approx. 58% of total volume. Moreover, palm kernel consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (5M tonnes), twofold. The third position in this ranking was occupied by Thailand (743K tonnes), with a 3.6% share.
What are the largest producers of palm kernels in the world?
+
The country with the largest volume of palm kernel production was Indonesia (12M tonnes), accounting for 58% of total volume. Moreover, palm kernel production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (5M tonnes), twofold. The third position in this ranking was occupied by Thailand (745K tonnes), with a 3.6% share.
What are the leading suppliers of palm kernels to Spain?
+
In value terms, the largest palm kernel suppliers to Spain were the UK ($4.5M), France ($3.8M) and China ($2.3M), with a combined 53% share of total imports.
What are the leading importers of palm kernels from Spain?
+
In value terms, France ($2.5M), Germany ($2.1M) and Portugal ($1.9M) were the largest markets for palm kernel exported from Spain worldwide, together comprising 36% of total exports.
What is the average export price for palm kernels in Spain?
+
The average palm kernel export price stood at $8,653 per tonne in 2020, which is down by -41.2% against the previous year.
What is the average import price for palm kernels in Spain?
+
The average palm kernel import price stood at $5,766 per tonne in 2020, increasing by 6.3% against the previous year.

Product coverage:
• FCL 256 - Palm kernels

This report provides an in-depth analysis of the palm kernel market in Spain. 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:
• Spain

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

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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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 2030
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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