The Netherlands dominates Europe's refined palm oil production with 1.5859 billion kilograms, marking a 1.01% increase in 2023. Germany stands second, though it experienced a 1.22% decrease. The UK’s production slightly increased by 0.044%. Italy and Denmark observed substantial growth with 5.04% and 1.58% respectively. Belgium's production decreased by 2.4%. Greece noted a notable 6.22% rise, and Lithuania, despite its smaller base, grew significantly, by 101.48%. Over five years, the industry's compound annual growth rate reflects varied dynamics, influenced by economic conditions, demand fluctuations, and sustainability concerns.
Future trends to watch include potential shifts towards sustainable palm oil production, as consumer awareness and regulatory pressures increase. Monitoring production efficiency, supply chain improvements, and emerging markets in Eastern Europe could affect overall volumes and competitiveness. Additionally, technological advancements and policy changes within the EU regarding environmental sustainability might shape production strategies.
Top countries in Sold Production of Refined Palm Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1,585,900,000 | 2023 | +2.42% | +1.01% | View data |
| 2 | 2 Germany | 456,830,000 | 2023 | +3.61% | -1.22% | View data |
| 3 | 3 United Kingdom | 294,680,000 | 2023 | +0.31% | +0.044% | View data |
| 4 | 4 Italy | 146,720,000 | 2023 | +1.27% | +5.04% | View data |
| 5 | 5 Denmark | 114,090,000 | 2023 | +9.35% | +1.58% | View data |
| 6 | 6 Belgium | 99,427,000 | 2023 | +0.99% | -2.4% | View data |
| 7 | 7 Greece | 42,013,000 | 2023 | +5.27% | +6.22% | View data |
| 8 | 8 Hungary | 28,810 | 2023 | +6.55% | +3.72% | View data |
| 9 | 9 Finland | 26,550 | 2021 | -17.28% | -13.34% | View data |
| 10 | 10 Lithuania | 18,590 | 2023 | +7.41% | +101.48% | View data |
