Italy: Palm Kernel Oil Market 2024

Palm Kernel Oil Market Size in Italy

The Italian palm kernel oil market surged to $X in 2022, jumping 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). In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Palm Kernel Oil Exports

Exports from Italy

In 2022, shipments abroad of palm kernel and babassu oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, palm kernel oil exports declined significantly to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Serbia (X tons) was the main destination for palm kernel oil exports from Italy, accounting for a X% share of total exports. Moreover, palm kernel oil exports to Serbia exceeded the volume sent to the second major destination, Austria (X tons), eightfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and France (X% per year).

In value terms, Serbia ($X) remains the key foreign market for palm kernel and babassu oil exports from Italy, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Serbia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and France (X% per year).

Export Prices by Country

The average palm kernel oil export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Oil Imports

Imports into Italy

In 2022, the amount of palm kernel and babassu oil imported into Italy fell to X tons, waning by X% on 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, palm kernel oil imports soared to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Honduras (X tons), Cote d'Ivoire (X tons) and Malaysia (X tons) were the main suppliers of palm kernel oil imports to Italy, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Malaysia ($X) and Cote d'Ivoire ($X) were the largest palm kernel oil suppliers to Italy, together accounting for X% of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average palm kernel oil import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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