Demand for palm kernel expeller – a common additive to animal feed – decreased from 2.25 million metric tons in 2019 to 1.76 million metric tons in 2021. This decline is largely due to sectors other than food, such as oleochemical and feed. NewForesight’s report details that Europe’s total use of palm oil has decreased from 8.39 million metric tons in 2019 to 7.48 million metric tons in 2021. The establishment of national initiatives for sustainable palm oil across different European countries have played a key role in stimulating the demand and have inspired similar actions in other regions.īut the decline in European market demand for sustainable palm oil could present challenges for the producers leading the transparency movement. “European-based companies bear significant responsibility for the ongoing success of this movement.” “Europe has been an important pillar of the global sustainable palm oil movement and will have a strong role to play in driving future sustainability initiatives,” stress the report’s authors. Its dominant share accounts for 45% of total global CSPO use. In July, India made moves to acquire almost five million metric tons of palm oil from Malaysia until the end of the year.Įurope is deemed the “global front-runner” when it comes to promoting certification in the palm oil supply chain, as the largest consumer of RSPO certified sustainable palm oil (CSPO) consumption. Of the dominant consuming regions, Indonesia (+10%) and India (+8%) show an increase in palm oil consumption between 2020-2021. Despite this trend, global palm oil use increased by 2% from 2020 to 2021, driven by increases in palm oil use in Brazil (+20%) and the US (+16%), outlines NewForesight. Meanwhile, consumption in the EU-27 (-8%), China (-5%) and Malaysia (-2%) has decreased. ![]() Globally, the leading palm oil consuming regions (in decreasing order) are Indonesia, India, EU-27, China, and Malaysia. Global production of palm oil has been climbing rapidly for five decades and is expected to grow at a compound annual rate of 5.1% in terms of revenue from 2022 to 2030, according to the new report.įrom 2020 to 2021, global palm oil production rose by 2%, led by five countries: Indonesia and Malaysia (together responsible for 83% of global production), Thailand, Colombia and Nigeria. The new report, “Sustainable Palm Oil: Europe's business - fact, analysis and actions to leverage impact,” was jointly commissioned by the European Palm Oil Alliance (EPOA) and IDH - the Sustainable Trade Initiative.įrom 2020 to 2021, global palm oil production rose by 2%.Global outlook of palm oil In Europe, licenses for the use of the RSPO Trademark on products have doubled between 20, with those for corporate communication tripling in the same period,” comments Francesca Morgante, RSPO’s senior manager for Europe. ![]() “As the data shows, we have seen a spike in sustainability communications. In this context, the report underscores the importance of maintaining Europe’s role in helping to shift the global market to sustainable palm oil.Īdditionally, it outlines why completely switching out palm oil from recipes may not be suitable in the long term. New data collected by NewForesight and commissioned by the Roundtable on Sustainable Palm Oil (RSPO) also reveals that the consumption of palm oil is increasing in other parts of the world where the market for sustainable palm oil products is still in its infancy. The bloc notably accounts for 45% of total global use of certified sustainable palm oil, indicating this drop could leave a substantial mark on industry’s overall transition to transparency. ![]() However, total palm oil imports are decreasing. For the past two decades, Europe has been a frontrunner in sustainable palm oil with the EU market reaching high levels.
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