What is the price of palm oil per kilogram/pound in Portugal today?
The retail price range for Portugal palm oil is between US$ 5.89 and US$ 9.70 per kilogram or between US$ 2.67 and US$ 4.40 per pound(lb). Click here to see today's exact prices of palm oil in Portugal
The retail price range in Euro for palm oil is between EUR 5.44 and EUR 8.96 per kilogram or between EUR 2.47 and EUR 4.07 per pound(lb) in Lisbon and Porto.
Wholesale prices
In 2024, the approximate wholesale price range for Portugal palm oil is between US$ 4.12 and US$ 6.79 per kilogram or between US$ 1.87 and US$ 3.08 per pound(lb).
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Portugal palm oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of palm oil exported by Portugal in 2020 was 5,519 metric tons. In 2019 Portugal shipped 371 tonnes of palm oil. Across 2019 alone, the interest in Portugal palm oil (processed category) has decreased, flactuating by -58.915 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -74.74 percent earning the nation US$0.81m for the year 2019. Portugal's palm oil exports are classified as:
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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Portugal palm oil export values
In 2019, Portugal shipped palm oil with a value of 0.81m USD, a reduction of -25.21% from 2018's total palm oil export of 1.083m USD. The yearly reduction in value of Portugal palm oil between 2017 to 2018 was -39.598 pc.
The per year change in the quantity of Portugal's palm oil exports between 2017 and 2019 was -74.74 percent compared to a variation of -58.915% in the period between 2018 and 2019.
Portugal's stake of the world's total palm oil's exports in 2019 was less than 1%. Portugal is ranked position 33 in world exports of palm oil.
Export markets for Portugal palm oil ( in '000$ )
Portugal's leading export markets for palm oil are Cape Verde, Guinea-Bissau, South Africa, United Kingdom (UK) and Angola.
Import/Export Trends
Portugal is a net importer of palm oil. The annual growth of Portugal palm oil in value between 2015 to 2019 was 32%, per year, while annual growth in quantity for the same period was 37%, per annum.
Portugal imported 55,384 tonnes of palm oil in 2019.