Sweden - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Sweden - 2023
Contents:
- Palm Oil Price in Sweden (CIF) - 2023
- Palm Oil Price in Sweden (FOB) - 2023
- Palm Oil Imports in Sweden
- Palm Oil Exports in Sweden
Palm Oil Price in Sweden (CIF) - 2023
The average palm oil import price stood at $1,455 per ton in June 2023, falling by -5.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the peak figure at $1,589 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Denmark ($1,781 per ton), while the price for Indonesia ($1,343 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.0%), while the prices for the other major suppliers experienced a decline.
Palm Oil Price in Sweden (FOB) - 2023
The average palm oil export price stood at $2,059 per ton in June 2023, with a decrease of -6.7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 7.8% against the previous month. Over the period under review, the average export prices hit record highs at $2,227 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($2,557 per ton), while the average price for exports to Latvia ($1,389 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Sweden
In 2022, purchases abroad of palm oil decreased by -16.6% to 173K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of 208K tons, and then fell sharply in the following year.
In value terms, palm oil imports amounted to $248M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Palm Oil in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 34.3 | 55.0 | 128 | 129 | 55.5% |
Malaysia | 32.2 | 50.4 | 62.4 | 73.7 | 31.8% |
Denmark | 57.0 | 37.3 | 36.0 | 36.1 | -14.1% |
Singapore | N/A | N/A | 1.6 | 3.3 | 106.2% |
Germany | 7.3 | 4.4 | 2.7 | 3.1 | -24.8% |
Netherlands | 9.4 | 11.8 | 12.0 | 1.4 | -47.0% |
Others | 0.1 | 1.9 | N/A | 0.5 | 71.0% |
Total | 140 | 161 | 243 | 248 | 21.0% |
Top Suppliers of Palm Oil to Sweden in 2022:
- Indonesia (97.4K tons)
- Malaysia (52.7K tons)
- Denmark (17.8K tons)
- Singapore (2.6K tons)
- Germany (1.6K tons)
- Netherlands (0.7K tons)
Palm Oil Exports in Sweden
In 2022, the amount of palm oil exported from Sweden contracted significantly to 39K tons, reducing by -15.4% on the previous year's figure. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, the exports attained the peak of 46K tons, and then shrank remarkably in the following year.
In value terms, palm oil exports expanded to $77M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
Export of Palm Oil in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1.1 | 3.5 | 9.2 | 16.3 | 145.6% |
Germany | 3.7 | 3.1 | 7.8 | 10.3 | 40.7% |
Algeria | N/A | N/A | 1.1 | 6.2 | 463.6% |
Ukraine | 0.7 | 1.4 | 3.7 | 5.4 | 97.6% |
Austria | N/A | 0.8 | 9.1 | 5.1 | 152.5% |
Russia | 17.2 | 10.2 | 18.6 | 5.1 | -33.3% |
Slovakia | N/A | 0.1 | 2.3 | 4.9 | 600.0% |
Czech Republic | 0.6 | 0.7 | 2.0 | 3.5 | 80.0% |
Finland | 4.1 | 5.2 | 6.7 | 2.4 | -16.3% |
Denmark | 0.9 | 2.5 | 2.3 | 2.3 | 36.7% |
Lithuania | 0.8 | 0.4 | 1.1 | 1.9 | 33.4% |
Norway | 0.9 | 0.9 | 1.4 | 1.6 | 21.1% |
Bulgaria | 0.4 | 0.4 | 1.1 | 1.6 | 58.7% |
Others | 5.7 | 7.0 | 8.0 | 10.0 | 20.6% |
Total | 36.2 | 36.3 | 74.4 | 76.7 | 28.4% |
Top Export Markets for Palm Oil from Sweden in 2022:
- Poland (8.6K tons)
- Germany (4.8K tons)
- Algeria (2.9K tons)
- Russia (2.9K tons)
- Ukraine (2.8K tons)
- Austria (2.5K tons)
- Slovakia (2.4K tons)
- Czech Republic (1.9K tons)
- Denmark (1.2K tons)
- Finland (1.2K tons)
- Lithuania (1.0K tons)
- Norway (0.8K tons)
- Bulgaria (0.8K tons)
This report provides an in-depth analysis of the palm oil market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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
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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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The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
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