Denmark - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Denmark - 2023
Contents:
- Palm Oil Price in Denmark (CIF) - 2023
- Palm Oil Price in Denmark (FOB) - 2023
- Palm Oil Imports in Denmark
- Palm Oil Exports in Denmark
Palm Oil Price in Denmark (CIF) - 2023
The average palm oil import price stood at $1,542 per ton in June 2023, which is down by -7.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 12% against the previous month. As a result, import price attained the peak level of $1,743 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($2,004 per ton), while the price for Malaysia ($1,251 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Palm Oil Price in Denmark (FOB) - 2023
The average palm oil export price stood at $2,017 per ton in June 2023, reducing by -7.1% against the previous month. Overall, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in January 2023 an increase of 94% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,262 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to Uruguay ($2,312 per ton) and Poland ($2,258 per ton), while the average price for exports to Lithuania ($1,618 per ton) and Sweden ($1,744 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Denmark
For the third year in a row, Denmark recorded decline in supplies from abroad of palm oil, which decreased by -5.3% to 175K tons in 2022. Over the period under review, imports recorded a abrupt descent. The smallest decline of -0.2% was in 2021.
In value terms, palm oil imports soared to $281M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Palm Oil in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 46.4 | 27.0 | 51.3 | 84.2 | 22.0% |
| Malaysia | 52.4 | 60.5 | 69.9 | 74.7 | 12.5% |
| Netherlands | 23.2 | 22.7 | 32.1 | 51.5 | 30.4% |
| Germany | 33.7 | 32.5 | 36.9 | 37.5 | 3.6% |
| Others | 3.4 | 14.3 | 24.0 | 32.5 | 112.2% |
| Total | 159 | 157 | 214 | 281 | 20.9% |
Top Suppliers of Palm Oil to Denmark in 2022:
- Indonesia (52.2K tons)
- Malaysia (44.9K tons)
- Netherlands (34.1K tons)
- Germany (22.1K tons)
Palm Oil Exports in Denmark
In 2022, the amount of palm oil exported from Denmark rose sharply to 94K tons, picking up by 7.9% compared with 2021 figures. In general, exports, however, saw a pronounced shrinkage.
In value terms, palm oil exports soared to $174M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Palm Oil in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.6 | 29.9 | 43.4 | 55.6 | 33.1% |
| Sweden | 58.1 | 39.7 | 48.5 | 51.9 | -3.7% |
| Uruguay | 9.2 | 13.1 | 19.6 | 30.8 | 49.6% |
| Poland | 8.9 | 8.8 | 13.4 | 13.6 | 15.2% |
| Brazil | 2.9 | 4.1 | 5.8 | 10.0 | 51.1% |
| United Kingdom | 1.0 | 2.8 | 7.4 | 9.5 | 111.8% |
| United States | 6.8 | 4.4 | 2.5 | N/A | -39.4% |
| Others | 1.5 | 1.8 | 1.2 | 2.3 | 15.3% |
| Total | 112 | 104 | 142 | 174 | 15.8% |
Top Export Markets for Palm Oil from Denmark in 2022:
- Sweden (33.3K tons)
- Netherlands (27.3K tons)
- Uruguay (15.1K tons)
- Poland (7.2K tons)
- Brazil (5.2K tons)
- United Kingdom (4.5K tons)
This report provides an in-depth analysis of the palm oil market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 257 - Oil of palm
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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