Based on the latest data in 2024, Italy leads European imports of palm oil with 875.6 million kilograms, followed by Spain at 771.54 million kilograms. Other significant importers include Belgium, the United Kingdom, and Germany. Year-on-year, Italy's imports increased by 2.56% while Spain's decreased by 7.26%. Belgium and the UK saw increases of 5.87% and 6% respectively. Germany experienced a slight decline of 0.88%. The Netherlands and France also recorded slight decreases. Ireland reported the highest year-on-year growth at 8.38%, while Latvia experienced the most significant drop at 9.49%. The compound annual growth rate (CAGR) over the last 5 years highlights modest growth across most countries.
Looking ahead, trends to watch include the potential impact of sustainability regulations on imports, the diversification of palm oil sources, and shifts in demand due to changing consumer preferences for sustainable and ethical products. Monitoring geopolitical developments and trade policies within the EU will also be crucial as they could significantly influence import volumes.
Top countries in Import of Palm Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 875,600,000 | 2023 | +0.88% | +2.56% | View data |
| 2 | 2 Spain | 771,540,000 | 2023 | +0.64% | -7.26% | View data |
| 3 | 3 Belgium | 571,920,000 | 2023 | +2.43% | +5.87% | View data |
| 4 | 4 United Kingdom | 446,900,000 | 2023 | +4.78% | +6% | View data |
| 5 | 5 Germany | 396,140,000 | 2023 | +3.41% | -0.88% | View data |
| 6 | 6 Netherlands | 363,290,000 | 2023 | +1.22% | -3.17% | View data |
| 7 | 7 Poland | 308,840,000 | 2023 | +3.25% | +3.61% | View data |
| 8 | 8 France | 220,650,000 | 2023 | +6.95% | -0.42% | View data |
| 9 | 9 Sweden | 216,910,000 | 2023 | +2.49% | +3.75% | View data |
| 10 | 10 Denmark | 188,830,000 | 2023 | +5.39% | -1.41% | View data |
