In 2023, Europe's leading country in palm oil sold production was the Netherlands with 1.1306 billion euros, followed by the UK and Germany. Significant year-on-year growth was seen in Lithuania with an increase of 113.28%, while Finland experienced a decline of 26.44%. Germany and Greece also showed considerable growth, in contrast to Belgium, which faced a modest decline. Over the past five years, the compounded annual growth rate varied across countries, indicating diverse market dynamics.
Future trends worth monitoring include:
- Potential regulatory changes impacting production due to sustainability concerns.
- Innovations in palm oil alternatives influencing demand.
- Shifts in consumer preferences towards more sustainable sources, potentially affecting production patterns.
Top countries in Sold Production of Palm Oil by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1,130,600,000 | 2023 | +1.72% | +0.58% | View data |
| 2 | 2 United Kingdom | 280,950,000 | 2023 | +0.54% | +0.29% | View data |
| 3 | 3 Germany | 213,450,000 | 2023 | +2.4% | +11.76% | View data |
| 4 | 4 Italy | 136,780,000 | 2023 | +3.49% | +6.29% | View data |
| 5 | 5 Denmark | 129,790,000 | 2023 | +4.69% | +5.56% | View data |
| 6 | 6 Belgium | 85,535,000 | 2023 | -0.12% | -1.25% | View data |
| 7 | 7 Greece | 38,864,000 | 2023 | +4.51% | +10.87% | View data |
| 8 | 8 Lithuania | 89,280 | 2023 | +7.43% | +113.28% | View data |
| 9 | 9 Hungary | 63,080 | 2023 | +6.55% | +3.72% | View data |
| 10 | 10 Finland | 22,240 | 2023 | -51.75% | -26.44% | View data |
