In 2023, the European refined palm oil production landscape exhibited some notable trends. The Netherlands dominated the market significantly with a share of 58.64% and a slight year-on-year increase of 1.01%. Germany followed with a 16.89% share, but experienced a decline of 1.22%. The United Kingdom represented 10.9%, showing a minor increase of 0.044%. Italy and Denmark held smaller shares at 5.43% and 4.22%, respectively, with Italy seeing a significant 5.04% rise and Denmark increasing by 1.58%. Belgium's share was 3.68%, but it decreased by 2.4%. Greece, Hungary, and Lithuania held much smaller shares, with Greece seeing a significant rise of 6.22% and Lithuania exhibiting an exceptional 101.48% increase, albeit from a very small base.
Future trends to watch include the continued dominance of the Netherlands and Germany, as well as potential emerging markets like Lithuania, given its remarkable growth rate. Market fluctuations and policy changes related to environmental sustainability and health concerns could significantly impact production shares in the coming years.
Top countries in Sold Production of Refined Palm Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 58.64 | 2023 | +2.42% | +1.01% | View data |
| 2 | 2 Germany | 16.89 | 2023 | +3.61% | -1.22% | View data |
| 3 | 3 United Kingdom | 10.9 | 2023 | +0.31% | +0.044% | View data |
| 4 | 4 Italy | 5.43 | 2023 | +1.27% | +5.04% | View data |
| 5 | 5 Denmark | 4.22 | 2023 | +9.35% | +1.58% | View data |
| 6 | 6 Belgium | 3.68 | 2023 | +0.99% | -2.4% | View data |
| 7 | 7 Greece | 1.55 | 2023 | +5.27% | +6.22% | View data |
| 8 | 8 Hungary | 0.001 | 2023 | +6.55% | +3.72% | View data |
| 9 | 9 Finland | 0.001 | 2021 | -17.28% | -13.34% | View data |
| 10 | 10 Lithuania | 0.001 | 2023 | +7.41% | +101.48% | View data |
