ECONOMY

Palm oil provides a substantial contribution to the European economy. Palm oil is part of a complex supply chain used in the production of a wide variety of products across major European industries like BASF, Ferrero and Tesco, and throughout small and medium sized enterprises across the EU.

The Malaysian Palm Oil Council commissioned the European economics consultancy Europe Economics to definitely establish the value of palm oil to the European economy, jobs and investment, and tax revenues.

Key facts:

  • Palm oil is associated with a contribution to EU GDP of €2.7bn in downstream industries and €5.8bn including the impact of a resulting rise in demand;
  • Palm oil is associated with a contribution to tax revenues of €1.2bn in downstream industries and €2.6bn including the impact of a resulting rise in demand;
  • Palm oil is associated with 67,000 jobs in downstream industries and 117,000 jobs including the impact of a resulting rise in demand.

View the full Europe Economics study here: http://www.europe-economics.com/publications/europe_economics_-_economic_impact_of_palm_oil_imports.pdf

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Value of Palm Oil in United Kingdom
  • Tax Revenues £140m
  • Jobs 6,800
  • GDP Contribution £330m
United Kingdom Fact Sheet »
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Value of Palm Oil in Sweden
  • Tax Revenues kr.220m
  • Jobs 700
  • GDP Contribution kr.440m
Sweden Fact Sheet »
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Value of Palm Oil in Portugal
  • Tax Revenues €30m
  • Jobs 2,400
  • GDP Contribution €75m
Portugal Fact Sheet »
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Value of Palm Oil in Poland
  • Tax Revenues ZI115m
  • Jobs 7,100
  • GDP Contribution ZI300m
Poland Fact Sheet »
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Value of Palm Oil in Netherlands
  • Tax Revenues €130m
  • Jobs 3,600
  • GDP Contribution €280m
Netherlands Fact Sheet »
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Value of Palm Oil in Lithuania
  • Tax Revenues Lt2m
  • Jobs 200
  • GDP Contribution Lt7m
Lithuania Fact Sheet »
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Value of Palm Oil in Italy
  • Tax Revenues €500m
  • Jobs 14,600
  • GDP Contribution €1050m
Italy Fact Sheet »
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Value of Palm Oil in Hungary
  • Tax Revenues Ft850m
  • Jobs 300
  • GDP Contribution Ft1,850m
Hungary Fact Sheet »
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Value of Palm Oil in France
  • Tax Revenues €170m
  • Jobs 4,600
  • GDP Contribution €320m
France Fact Sheet »
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Value of Palm Oil in Finland
  • Tax Revenues €95m
  • Jobs 2,200
  • GDP Contribution €174m
Finland Fact Sheet »
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Value of Palm Oil in Spain
  • Tax Revenues €210m
  • Jobs 10,800
  • GDP Contribution €580m
Spain Fact Sheet »
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Value of Palm Oil in Denmark
  • Tax Revenues kr.200m
  • Jobs 4,400
  • GDP Contribution kr.360m
Denmark Fact Sheet »
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Value of Palm Oil in Germany
  • Tax Revenues €180m
  • Jobs 7,100
  • GDP Contribution €390m
Germany Fact Sheet »
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Value of Palm Oil in Czech Republic
  • Tax Revenues €8m
  • Jobs 500
  • GDP Contribution €19m
Czech Republic Fact Sheet »
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Value of Palm Oil in Belguim
  • Tax Revenues €30m
  • Jobs 1,000
  • GDP Contribution €60m
Belguim Fact Sheet »
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Value of Palm Oil in Austria
  • Tax Revenues €12m
  • Jobs 400
  • GDP Contribution €24m
Austria Fact Sheet »
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EU ECONOMY