What is the price of palm oil per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) palm oil is between US$ 0.97 and US$ 2.92 per kilogram or between US$ 0.44 and US$ 1.32 per pound(lb). Click here to see today's exact prices of palm oil in United Kingdom (UK)
The retail price range in British pound sterling for palm oil is between GBP 0.78 and GBP 2.35 per kilogram or between GBP 0.35 and GBP 1.06 per pound(lb) in London and Birmingham.
Wholesale prices
In 2024, the approximate wholesale price range for United Kingdom (UK) palm oil is between US$ 0.68 and US$ 2.04 per kilogram or between US$ 0.31 and US$ 0.93 per pound(lb).
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United Kingdom (UK) Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from the United Kingdom over the last five years has seen a steady decline. In 2017, the price was 1.28 US $ per kg, and in 2021 it had dropped to 85.77 US $ per kg. The lowest price was recorded in 2019 at 134.71 US $ per kg. The price then increased to 1.91 US $ per kg in 2020, before dropping again to 2.25 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Palm Oil from the United Kingdom in 2023 will be around 1.90 US $ per kg, and in 2024 it will be around 1.30 US $ per kg.The exports of palm oil from United Kingdom (UK) are categorised 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)
- 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)
United Kingdom (UK) Palm Oil Import Prices - Historical, Trends and Prediction
Export values for United Kingdom (UK) palm oil
The total values in export for palm oil in United Kingdom (UK) were US$ 35,966, US$ 52,488, US$ 54,168 and US$ 30,849 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Kingdom (UK): 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.
United Kingdom (UK) palm oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of palm oil sold by United Kingdom (UK) in 2020 was 32,631 metric tons. In 2019 United Kingdom (UK) exported 229 tonnes of palm oil. In 2019 alone, the market for United Kingdom (UK) palm oil (processed category) has reduced, flactuating by -99.481 pc compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -99.44% earning the country US$30.85m for the year 2019. United Kingdom (UK)'s palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
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United Kingdom (UK) palm oil export values
In 2019, United Kingdom (UK) shipped palm oil worth 30.85m USD, a contraction of -43.05% from 2018's total palm oil export of 54.168m USD. The yearly change in value of United Kingdom (UK) palm oil between 2017 to 2018 was 3.201 pc.
The per year variation in the quantity of United Kingdom (UK)'s palm oil exports between 2017 and 2019 was -99.44 percent compared to a variation of -99.481% in the period between 2018 and 2019.
United Kingdom (UK)'s portion of the world's total palm oil's exports in 2019 was 30.4 pc. United Kingdom (UK) holds position 1 in world exports of palm oil.
Export markets for United Kingdom (UK) palm oil ( in '000$ )
United Kingdom (UK)'s top export markets for palm oil are Ireland, Morocco, Belgium, Iraq and Malta.
Import/Export Trends
United Kingdom (UK) is a net exporter of palm oil. The annual growth of United Kingdom (UK) palm oil in value between 2015 to 2019 was -3%, per year, while annual growth in quantity through the same period was -2%, per annum.
United Kingdom (UK) bought 88,156 tonnes of palm oil in 2019.