Greece - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Greece - 2023
Contents:
- Palm Oil Price in Greece (CIF) - 2023
- Palm Oil Price in Greece (FOB) - 2023
- Palm Oil Imports in Greece
- Palm Oil Exports in Greece
Palm Oil Price in Greece (CIF) - 2023
The average palm oil import price stood at $1,196 per ton in June 2023, which is down by -2.1% against the previous month. Overall, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in August 2022 when the average import price increased by 7.6% m-o-m. Over the period under review, average import prices attained the maximum at $1,812 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($1,747 per ton), while the price for Indonesia ($1,158 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 (-2.1%), while the prices for the other major suppliers experienced a decline.
Palm Oil Price in Greece (FOB) - 2023
The average palm oil export price stood at $1,696 per ton in June 2023, declining by -8.2% against the previous month. In general, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in December 2022 an increase of 8.7% month-to-month. Over the period under review, the average export prices hit record highs at $1,973 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($2,129 per ton), while the average price for exports to Cyprus ($1,138 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 Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Greece
In 2022, approx. 122K tons of palm oil were imported into Greece; with a decrease of -7.2% on 2021 figures. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of 131K tons, and then declined in the following year.
In value terms, palm oil imports soared to $179M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 128%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Palm Oil in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 65.0 | 51.8 | 92.5 | 146 | 31.0% |
Malaysia | 0.8 | 8.1 | 41.2 | 23.8 | 209.9% |
Netherlands | 2.1 | 1.3 | 4.9 | 3.0 | 12.6% |
Others | 2.0 | 1.8 | 5.1 | 6.3 | 46.6% |
Total | 69.9 | 63.0 | 144 | 179 | 36.8% |
Top Suppliers of Palm Oil to Greece in 2022:
- Indonesia (102.2K tons)
- Malaysia (15.6K tons)
- Netherlands (1.3K tons)
Palm Oil Exports in Greece
In 2022, exports of palm oil from Greece rose rapidly to 33K tons, growing by 13% on 2021 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, palm oil exports skyrocketed to $58M in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 215%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
Export of Palm Oil in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 5.6 | 7.4 | 22.9 | 34.7 | 83.7% |
Romania | 3.6 | 4.1 | 7.5 | 9.5 | 38.2% |
Italy | N/A | N/A | 3.0 | 3.7 | 23.3% |
Poland | 0.9 | 0.1 | 2.0 | 3.0 | 49.4% |
Hungary | N/A | 0.1 | 0.3 | 2.0 | 347.2% |
North Macedonia | N/A | N/A | 0.7 | 1.8 | 157.1% |
Others | 0.4 | 0.5 | 2.1 | 3.7 | 109.9% |
Total | 10.5 | 12.2 | 38.5 | 58.4 | 77.2% |
Top Export Markets for Palm Oil from Greece in 2022:
- Bulgaria (19.4K tons)
- Romania (5.4K tons)
- Poland (2.6K tons)
- Italy (1.8K tons)
- North Macedonia (1.1K tons)
- Hungary (1.0K tons)
This report provides an in-depth analysis of the palm oil market in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
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The global production of palm oil was estimated at X million tons in 2013, which was X million tons more than in 2012.