What is the price of palm oil per kilogram/pound in Germany today?
The retail price range for Germany palm oil is between US$ 3.69 and US$ 7.09 per kilogram or between US$ 1.67 and US$ 3.21 per pound(lb). Click here to see today's exact prices of palm oil in Germany
The retail price range in Euro for palm oil is between EUR 3.41 and EUR 6.55 per kilogram or between EUR 1.55 and EUR 2.97 per pound(lb) in Berlin and Leipzig.
Wholesale prices
In 2024, the approximate wholesale price range for Germany palm oil is between US$ 2.59 and US$ 4.96 per kilogram or between US$ 1.17 and US$ 2.25 per pound(lb).
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Germany Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Germany over the last five years has seen a steady decline. In 2017, the price was 0.94 US $ per kg, dropping to 0.81 US $ per kg in 2019. This year, the price has increased slightly to 0.92 US $ per kg. Looking ahead, it is likely that the price will continue to fluctuate, with an estimated price of 1.24 US $ per kg in 2021 and 1.61 US $ per kg in 2022. Predicted prices for 2023 and 2024 are 1.45 US $ per kg and 1.68 US $ per kg respectively.The palm oil exports from Germany are classified as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
Germany Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Germany over the last five years has seen a steady decline. In 2012, the price was $1.23, dropping to $1.12 in 2013, $1.07 in 2014, $0.84 in 2015, and $0.81 in 2016. In 2017, the price rose slightly to $0.94, before dropping again to $0.91 in 2018 and $0.81 in 2019. The price then increased to $0.92 in 2020, before rising again to $1.24 in 2021 and $1.61 in 2022. Based on this trend, it is predicted that the import price per kilogram of Palm Oil into Germany in 2023 will be $1.45, and in 2024 will be $1.78.Export values for Germany palm oil
The total values in export for palm oil in Germany were US$ 391,976, US$ 368,934, US$ 349,913 and US$ 284,167 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Germany: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Europe: Georgia palm oil, Albania palm oil, Belarus palm oil, Bosnia and Herzegovina palm oil, Bulgaria palm oil, Croatia palm oil, Czech Republic palm oil, Estonia palm oil, Greece palm oil & Hungary palm oil.
Germany palm oil - Production, Exports, Imports, Seasons and HS Codes
The volume of palm oil sold by Germany in 2020 was 330,297 metric tonnes. In 2019 Germany exported 351,593 tonnes of palm oil. For the year 2019 alone, the interest in Germany palm oil (processed category) has decreased, recording a change of -8.18 % compared to the year 2018. Between 2017 and 2019, palm oil's exports went down by -10.57 pc bringing the exporter US$284.17m for the year 2019. Germany's palm oil exports are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
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Germany palm oil export values
In 2019, Germany sold palm oil valued at 284.17m USD, a reduction of -18.79% from 2018's total palm oil export of 349.913m USD. The annual change in value of Germany palm oil between 2017 to 2018 was -5.156%.
The annual change in the amount of Germany's palm oil exports between 2017 and 2019 was -10.57% compared to a variation of -8.18% in the period between 2018 and 2019.
Germany's stake of the world's total palm oil's exports in 2019 was less than 1%. The country holds position 17 in world exports of palm oil.
Export markets for Germany palm oil ( in '000$ )
Germany's top export markets for palm oil are Sweden, Poland, Italy, Serbia and Russia.
Import/Export Trends
Germany is a net importer of palm oil. The annual growth of Germany palm oil in value between 2015 to 2019 was 17%, per annum, while annual growth in quantity was 14%, per annum.
Germany bought 1,013,826 tonnes of palm oil in 2019.