Latest Report Update: Sep 7, 2021

United Kingdom - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

United Kingdom: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in the UK

The UK palm kernel oil market dropped rapidly to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

Palm Kernel Oil Exports

Exports from the UK

In 2020, approx. X tonnes of palm kernel and babassu oil were exported from the UK; rising by X% on 2019. Over the period under review, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. from 2017 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, palm kernel oil exports surged to $X in 2020. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

Azerbaijan (X tonnes) was the main destination for palm kernel oil exports from the UK, with a X% share of total exports. Moreover, palm kernel oil exports to Azerbaijan exceeded the volume sent to the second major destination, Ireland (X tonnes), threefold. Germany (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 Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Germany (+X% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for palm kernel oil exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Germany (-X% per year).

Export Prices by Country

The average palm kernel oil export price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, palm kernel oil export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while the average price for exports to Belgium ($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 Ireland, while the prices for the other major destinations experienced mixed trend patterns.

Palm Kernel Oil Imports

Imports into the UK

In 2020, the amount of palm kernel and babassu oil imported into the UK reduced to X tonnes, which is down by -X% compared with the previous year's figure. Over the period under review, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, palm kernel oil imports shrank remarkably to $X in 2020. Overall, imports saw a pronounced curtailment. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

The Netherlands (X tonnes), Indonesia (X tonnes) and Malaysia (X tonnes) were the main suppliers of palm kernel oil imports to the UK, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest palm kernel oil suppliers to the UK were the Netherlands ($X), Indonesia ($X) and Malaysia ($X), together accounting for X% of total imports.

In terms of the main suppliers, the Netherlands 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 2020, the average palm kernel oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, palm kernel oil import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a 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 Netherlands ($X per tonne), while the price for Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

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 palm kernel oil consumption in 2020 were Indonesia (3.4M tonnes), Malaysia (1.8M tonnes) and China (770K tonnes), together accounting for 66% of global consumption. The U.S., Germany, Brazil, Thailand, the Netherlands and Nigeria lagged somewhat behind, together comprising a further 17%.
What are the largest producers of palm kernel and babassu oil in the world?
+
The country with the largest volume of palm kernel oil production was Indonesia (5.1M tonnes), accounting for 58% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.4M tonnes), twofold. The third position in this ranking was occupied by Thailand (300K tonnes), with a 3.4% share.
What are the leading suppliers of palm kernel and babassu oil to the UK?
+
In value terms, the Netherlands ($9.7M), Indonesia ($8.4M) and Malaysia ($7.6M) were the largest palm kernel oil suppliers to the UK, with a combined 86% share of total imports.
What are the leading importers of palm kernel and babassu oil from the UK?
+
In value terms, Azerbaijan ($338K) emerged as the key foreign market for palm kernel oil exports from the UK, comprising 39% of total exports. The second position in the ranking was occupied by Ireland ($104K), with a 12% share of total exports. It was followed by Germany, with a 7.2% share.
What is the average export price for palm kernel and babassu oil in the UK?
+
In 2020, the average palm kernel oil export price amounted to $2,385 per tonne, which is down by -12.9% against the previous year.
What is the average import price for palm kernel and babassu oil in the UK?
+
In 2020, the average palm kernel oil import price amounted to $1,027 per tonne, dropping by -3.6% against the previous year.

Product coverage:
• FCL 258 - Oil of Palm Kernel

This report provides an in-depth analysis of the palm kernel oil market in the UK. 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:
• United Kingdom

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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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 2025
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Cement Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cement market.



Thursday, September 23rd, 2021 @ 04:00 pm ET


Register

Webinar: Global Lithium Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global lithium carbonate market.



Thursday, September 30th, 2021 @ 04:00 pm ET


Register

Webinar: Global Recovered Paper Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global recovered paper market.



Thursday, October 7th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data