Belgium - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Belgium - 2023
Contents:
- Crude Palm Oil Price in Belgium (CIF) - 2022
- Crude Palm Oil Price in Belgium (FOB) - 2023
- Crude Palm Oil Imports in Belgium
- Crude Palm Oil Exports in Belgium
Crude Palm Oil Price in Belgium (CIF) - 2022
In 2022, the average crude palm oil import price amounted to $1,372 per ton, with an increase of 34% against the previous year. Over the period under review, the import price showed a notable expansion. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($2,081 per ton), while the price for Indonesia ($1,125 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Palm Oil Price in Belgium (FOB) - 2023
In July 2023, the average crude palm oil export price amounted to $1,254 per ton, picking up by 6.1% against the previous month. Over the period under review, the export price, however, recorded a slight reduction. The growth pace was the most rapid in January 2023 an increase of 217% m-o-m. As a result, the export price attained the peak level of $4,213 per ton. From February 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was France ($1,178 per ton), while the average price for exports to the Netherlands totaled $1,164 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (0.0%), while the prices for the other major destinations experienced a decline.
Crude Palm Oil Imports in Belgium
In 2022, purchases abroad of crude palm oil decreased by -16.8% to 65K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2% against the previous year. As a result, imports reached the peak of 79K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, crude palm oil imports rose rapidly to $90M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Crude Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.5 | 29.6 | 44.6 | 47.5 | 65.4% |
| Netherlands | 8.4 | 9.8 | 26.4 | 25.2 | 44.2% |
| Indonesia | 14.2 | 7.1 | 5.3 | 6.4 | -23.3% |
| Guatemala | 1.2 | N/A | 3.9 | 2.3 | 24.2% |
| Peru | N/A | N/A | N/A | 2.2 | 0% |
| Papua New Guinea | 4.0 | 2.2 | N/A | N/A | -45.0% |
| Others | 0.9 | 1.5 | 0.6 | 6.1 | 89.2% |
| Total | 39.2 | 50.2 | 80.8 | 89.8 | 31.8% |
Top Suppliers of Crude Palm Oil to Belgium in 2022:
- Papua New Guinea (undefinedK tons)
- Malaysia (31.8K tons)
- Netherlands (20.0K tons)
- Indonesia (5.7K tons)
- Guatemala (2.0K tons)
- Peru (1.5K tons)
Crude Palm Oil Exports in Belgium
In 2022, overseas shipments of crude palm oil decreased by -54.9% to 4.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 930%. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, crude palm oil exports fell remarkably to $6M in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 870%.
| Export of Crude Palm Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.2 | 7.9 | 8.1 | 1.0 | 71.0% |
| Netherlands | N/A | 0.2 | 2.1 | 0.1 | -29.3% |
| Morocco | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Others | 0.1 | 0.1 | 0.3 | 4.7 | 260.9% |
| Total | 0.9 | 8.4 | 10.7 | 6.0 | 88.2% |
Top Export Markets for Crude Palm Oil from Belgium in 2022:
- France (747.6 tons)
- Netherlands (89.1 tons)
- Morocco (26.0 tons)
- Germany (15.6 tons)
This report provides an in-depth analysis of the crude palm oil market in Belgium. 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 257 - Oil of palm
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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