Malaysian Palm Oil Exports Performance to Europe Region
(January – June 2023)
A Review on MPO Performance
A Review of MPO Export Performance (MT)
Table 1: Malaysia’s Palm Oil Export to Europe Region (MT) | |||||
---|---|---|---|---|---|
Country | Jan-June 2023 | Jan-June 2022 | Change (MT) | Change (%) | Jan – Dec 2022 |
EU-27 | |||||
Netherlands | 259,908 | 436,954 | (177,046) | (41) | 815,746 |
Italy | 88,662 | 145,979 | (57,318) | (39) | 266,770 |
Spain | 64,656 | 73,574 | (8,918) | (12) | 158,087 |
Sweden | 63,972 | 62,807 | 1,165 | 2 | 114,795 |
Denmark | 15,647 | 21,824 | (6,177) | (28) | 33,838 |
Germany | 11,457 | 17,463 | (6,006) | (34) | 39,932 |
Belgium | 7,873 | 1,329 | 6,544 | 492 | 3,601 |
Greece | 4,279 | 4,978 | (699) | (14) | 10,799 |
Bulgaria | 3,153 | 1,297 | 1,856 | 143 | 1,490 |
Romania | 1,038 | 1,513 | (475) | (31) | 3,334 |
Hungary | 795 | 641 | 154 | 24 | 1,296 |
Poland | 602 | 177 | 425 | 241 | 555 |
Estonia | 504 | 2,501 | (1,997) | (80) | 2,523 |
France | 330 | 697 | (367) | (53) | 1,473 |
Slovenia | 283 | – | 283 | NA | 206 |
Latvia | 229 | 1,147 | (918) | (80) | 1,504 |
Malta | 104 | 56 | 49 | 87 | 112 |
Lithuania | 68 | – | 68 | NA | – |
Portugal | 49 | 86 | (37) | (43) | 328 |
Czech | 39 | 57 | (19) | (32) | 95 |
Slovakia, Rep. | – | 19 | (19) | (100) | 168 |
Austria | – | 98 | (98) | (100) | 260 |
Sub-Total | 523,648 | 773,198 | (249,550) | (32) | 1,453,318 |
Non EU | |||||
United Kingdom | 6,235 | 8,698 | (2,463) | (28) | 14,544 |
Norway | 23 | 23 | 0 | 0 | 47 |
Switzerland | 21 | 3,371 | (3,349) | (99) | 5,302 |
Sub-Total | 6,258 | 8,721 | (2,463) | (28) | 19,893 |
Eastern Europe & Central Saia | |||||
Uzbekistan | 22,063 | 2,046 | 20,017 | 978 | 12,404 |
Kazakhstan | 11,541 | 8,719 | 2,822 | 32 | 23,350 |
Russia | 3015 | 4,765 | (1,750) | (37) | 6,157 |
Georgia | 1,036 | 1,653 | (617) | (37) | 1,922 |
Kyrgyzstan | 259 | 516 | (257) | (50) | 622 |
Turkmenistan | 47 | 186 | (139) | (75) | 455 |
Ukraine | 0 | 9152 | (9,152) | (100) | 9,266 |
Moldova | 0 | 19 | (19) | (100) | 19 |
Sub-Total | 37,961 | 27,056 | 10,905 | 40 | 54,195 |
Grand Total | 567,868 | 80,8976 | (241,108) | (30) | 1,527,406 |
Table 1: Export of Malaysian Palm Oil into the European Region, including Central Asia for January – May 2023
Export Performance of Malaysian Palm Oil into the European Region
Figure 1: Import Trend of Top 5 Malaysian Palm Oil Importers in Europe for January – June 2023
During the Jan – Jun 2023 period the EU region imported a total of 523,648 MT Malaysian palm oil. This was a decline of almost 250,000 MT or by 32% as the EU have started complying with RED II requirement to phase out palm oil in biodiesel production.
The Netherlands remained as the biggest exporting destination of Malaysian palm oil for January until June 2023 for the European region. The Netherlands imported 259,908 MT but there is a noticeable consistent decline in importing of palm oil from Malaysia, by 41%. Italy also recorded a decline of about 39% with an import volume of 88,662 MT while Spain recorded an import volume of 64,656 MT which is a decline of 12%. As for the rest of Europe, there were several nations which showed increases in their import of palm oil from Malaysia. Countries such as Belgium, Bulgaria, Hungary and Poland showed a promising uptick of imports from Malaysia. Imports by Belgium, Bulgaria, Hungary and Poland for January – June 2023 was 6544 MT, 1856 MT, 154 MT and 425 MT, respectively.
The positive impact of effect of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has yet to be seen. This is due to UK’s import of Malaysian palm oil that was 6,235 MT, a 28% Y-o-Y decline. However, this situation is not expected to prolong and the import will increase in the final quarter of 2023 onwards.
The export performance of Malaysian palm oil into the Central Asian region for January – June 2023 was positive with 37,961 MT , a 40% increase Y-o-Y. As with the previous months, Uzbekistan and Kazakhstan led the high palm oil import from Malaysia with 22,053 MT and 11,541 MT ,respectively. The rest of the nations in this region were observed to record a Y-o-Y decline.
Export Performance of Malaysian Palm Oil into the Central Asia Region
Figure 2: Import Trend of Top 4 Malaysian Palm Oil Importers of Eastern Europe and Central Asian Republics for January – June 2023
Authored by:
Hajar Shamsudin & Fazari Radzi
[1] https://www.aseanbriefing.com/news/uk-joins-the-cptpp-opportunities-for-british-investors-in-malaysia/
For more info please contact Mr Fazari: fazari@mpoc.org.my
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