What is the price of palm oil per kilogram/pound in Ireland today?
The retail price range for Ireland palm oil is between US$ 0.71 and US$ 0.92 per kilogram or between US$ 0.32 and US$ 0.42 per pound(lb). Click here to see today's exact prices of palm oil in Ireland
The retail price range in Euro for palm oil is between EUR 0.66 and EUR 0.85 per kilogram or between EUR 0.30 and EUR 0.38 per pound(lb) in Dublin and Cork.
Wholesale prices
In 2024, the approximate wholesale price range for Ireland palm oil is between US$ 0.50 and US$ 0.64 per kilogram or between US$ 0.23 and US$ 0.29 per pound(lb).
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Ireland Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Ireland over the last five years has seen a significant decrease. In 2017, the price was 10.50 US dollars per kg, but by 2021, it had dropped to 0.91 US dollars per kg. The lowest price was recorded in 2020, when it was 0.23 US dollars per kg. The price has been gradually increasing since then, with the most recent price being 0.91 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Ireland in 2023 will be around 1.14 US dollars per kg, and in 2024, it will be around 1.37 US dollars per kg.The palm oil exports from Ireland are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
Ireland Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Ireland over the last five years has been quite volatile. In 2017, the price spiked to 10.50 US dollars per kg, before dropping to 1.42 US dollars per kg in 2018. The price then decreased further to 0.76 US dollars per kg in 2019, before reaching its lowest point of 0.23 US dollars per kg in 2020. In 2021, the price increased to 0.91 US dollars per kg, and is currently at 0.91 US dollars per kg. Based on the current trend, it is predicted that the import price per kilogram of Palm Oil into Ireland in 2023 will be 0.60 US dollars per kg, and in 2024 it will be 0.30 US dollars per kg.Export values for Ireland palm oil
The total values in export for palm oil in Ireland were US$ 30, US$ 18, US$ 65 and US$ 81 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ireland: 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.
Ireland palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ireland shipped 91 tonnes of palm oil. For the year 2019 alone, the market for Ireland palm oil (processed category) has gone up, recording a change of 62.5 percent compared to the year 2018. Between 2017 and 2019, palm oil's exports increased by 1416.67 percent bringing the nation US$0.08m for the year 2019. Ireland's palm oil exports are classified as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Ireland palm oil export values
In 2019, Ireland supplied palm oil valued at 0.08m USD, a surge of 23.08% from 2018's total palm oil export of 0.065m USD. The annual increase in value of Ireland palm oil between 2017 to 2018 was 261.111 pc.
The per year change in the amount of Ireland's palm oil exports between 2017 and 2019 was 1416.67 per cent compared to a variation of 62.5% in the period between 2018 and 2019.
Export markets for Ireland palm oil ( in '000$ )
Ireland's leading destinations for palm oil are France, Belgium, Brazil, United Arab Emirates (UAE) and Turkey.
Import/Export Trends
Ireland is a net exporter of palm oil. The annual growth of Ireland palm oil in value between 2015 to 2019 was 3%, per year, while annual growth in quantity for the same period was %, per annum.
Ireland bought 126,568 tonnes of palm oil in 2019.