The European import of refined palm oil is led by Italy, which holds an 18.05% share, followed by Spain and Belgium at 15.9% and 11.79% respectively. Notably, Spain experienced a decrease of 7.26% in import volumes, while Belgium and the UK saw increases of 5.87% and 6.0%. Other significant importers like Germany and the Netherlands showed slight declines. Ireland and Estonia indicated robust growth, with increases of 8.38% and 4.59% in 2023. Smaller markets like Malta and Latvia exhibited more volatile reductions.
Future trends to watch include:
- Potential shifts in market share due to environmental policies and sustainability concerns.
- Adaptive supply chains responding to geopolitical factors and trade agreements.
- Technological advancements in palm oil production and processing affecting supply dynamics.
Top countries in Import of Refined Palm Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 18.05 | 2023 | +0.88% | +2.56% | View data |
| 2 | 2 Spain | 15.9 | 2023 | +0.64% | -7.26% | View data |
| 3 | 3 Belgium | 11.79 | 2023 | +2.43% | +5.87% | View data |
| 4 | 4 United Kingdom | 9.21 | 2023 | +4.78% | +6% | View data |
| 5 | 5 Germany | 8.16 | 2023 | +3.41% | -0.88% | View data |
| 6 | 6 Netherlands | 7.49 | 2023 | +1.22% | -3.17% | View data |
| 7 | 7 Poland | 6.37 | 2023 | +3.25% | +3.61% | View data |
| 8 | 8 France | 4.55 | 2023 | +6.95% | -0.42% | View data |
| 9 | 9 Sweden | 4.47 | 2023 | +2.49% | +3.75% | View data |
| 10 | 10 Denmark | 3.89 | 2023 | +5.39% | -1.41% | View data |
