World - Palm Kernel And Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPalm Kernel Oil Market
The global palm kernel and babassu oil market is projected to experience steady growth in both volume and value from 2022 to 2030. The market is forecasted to expand with an anticipated CAGR of +3.5% in volume and +5.7% in value over this time period. Consumption trends show fluctuations over the years, with Indonesia, Malaysia, and China being the top consuming countries. Indonesia also leads in production, while China, the United States, and Germany are key importers. The highest levels of per capita consumption are in Malaysia and Indonesia. Export prices have shown notable growth, with Colombia and Honduras among the top exporting countries. Overall, the market is expected to continue its growth trajectory in the coming years.
Market Forecast
Driven by increasing demand for palm kernel and babassu oil worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 11M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $13.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Palm Kernel Oil
In 2022, global palm kernel oil consumption declined modestly to 8.1M tons, falling by -3.1% compared with the previous year. The total consumption volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the maximum volume at 8.4M tons in 2021, and then declined in the following year.
The global palm kernel oil market revenue expanded to $8.8B in 2022, increasing by 4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $9B. From 2018 to 2022, the growth of the global market remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Indonesia (3.2M tons), Malaysia (1.7M tons) and China (551K tons), together comprising 68% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Indonesia (with a CAGR of +8.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest palm kernel oil markets worldwide were Indonesia ($2.6B), Malaysia ($1.5B) and China ($766M), with a combined 56% share of the global market. The United States, Brazil, Germany, the Netherlands, Russia, Nigeria and Thailand lagged somewhat behind, together accounting for a further 25%.
The Netherlands, with a CAGR of +8.9%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of palm kernel oil per capita consumption was registered in Malaysia (52 kg per person), followed by Indonesia (12 kg per person), the Netherlands (9.4 kg per person) and Germany (3 kg per person), while the world average per capita consumption of palm kernel oil was estimated at less than 0.1 kg per person.
In Malaysia, palm kernel oil per capita consumption decreased by an average annual rate of -2.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Indonesia (+6.9% per year) and the Netherlands (+5.0% per year).
Production
World Production of Palm Kernel Oil
In 2022, global production of palm kernel and babassu oil declined slightly to 8M tons, flattening at the previous year's figure. The total output volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, global production hit record highs at 8.2M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.
In value terms, palm kernel oil production totaled $6.2B in 2022 estimated in export price. In general, production continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29%. Global production peaked at $9.5B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.
Production By Country
Indonesia (4.6M tons) remains the largest palm kernel oil producing country worldwide, comprising approx. 57% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.1M tons), twofold. Thailand (268K tons) ranked third in terms of total production with a 3.3% share.
From 2012 to 2022, the average annual growth rate of volume in Indonesia stood at +4.5%. The remaining producing countries recorded the following average annual rates of production growth: Malaysia (-0.2% per year) and Thailand (+5.2% per year).
Imports
World Imports of Palm Kernel Oil
In 2022, the amount of palm kernel and babassu oil imported worldwide reduced to 2.7M tons, with a decrease of -14.2% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 11%. Over the period under review, global imports reached the peak figure at 3.3M tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, palm kernel oil imports expanded remarkably to $5B in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 63%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.
Imports By Country
In 2022, China (535K tons), followed by the United States (349K tons), Germany (280K tons), Malaysia (269K tons), Brazil (230K tons) and the Netherlands (192K tons) were the key importers of palm kernel and babassu oil, together constituting 68% of total imports. India (85K tons), Turkey (84K tons), Japan (76K tons), Russia (75K tons), Spain (59K tons), Belgium (46K tons) and Italy (45K tons) held a little share of total imports.
From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +8.0%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest palm kernel oil importing markets worldwide were China ($848M), the United States ($758M) and Germany ($519M), together accounting for 43% of global imports. Brazil, Malaysia, the Netherlands, Japan, Russia, Turkey, India, Belgium, Spain and Italy lagged somewhat behind, together comprising a further 42%.
Among the main importing countries, Belgium, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified was the major imported product with an import of around 1.9M tons, which amounted to 69% of total imports. It was distantly followed by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (855K tons), making up a 31% share of total imports.
Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified was also the fastest-growing in terms of imports, with a CAGR of +2.0% from 2012 to 2022. vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified increased by +14 percentage points.
In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($3.5B) constitutes the largest type of palm kernel and babassu oil imported worldwide, comprising 71% of global imports. The second position in the ranking was held by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($1.4B), with a 29% share of global imports.
From 2012 to 2022, the average annual rate of growth in terms of the value of vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified imports stood at +5.9%.
Import Prices By Type
The average palm kernel oil import price stood at $1,817 per ton in 2022, picking up by 33% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by +135.9% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 54%. Global import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major imported products. In 2022, the product with the highest price was vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($1,879 per ton), while the price for vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified stood at $1,680 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (+4.1%).
Import Prices By Country
The average palm kernel oil import price stood at $1,817 per ton in 2022, rising by 33% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil import price increased by +135.9% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,505 per ton), while Malaysia ($1,491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Palm Kernel Oil
In 2022, overseas shipments of palm kernel and babassu oil decreased by -9.3% to 2.6M tons, falling for the third year in a row after three years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, the global exports hit record highs at 3.1M tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, palm kernel oil exports expanded modestly to $4B in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Exports By Country
Indonesia was the largest exporter of palm kernel and babassu oil in the world, with the volume of exports resulting at 1.3M tons, which was near 51% of total exports in 2022. It was distantly followed by Malaysia (655K tons), committing a 25% share of total exports. Thailand (112K tons), Colombia (78K tons), Papua New Guinea (72K tons), Guatemala (69K tons) and Honduras (40K tons) took a minor share of total exports.
Indonesia experienced a relatively flat trend pattern with regard to volume of exports of palm kernel and babassu oil. At the same time, Guatemala (+9.9%), Papua New Guinea (+7.4%), Colombia (+5.2%), Thailand (+4.7%) and Honduras (+2.8%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.9% from 2012-2022. Malaysia experienced a relatively flat trend pattern. Guatemala (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Malaysia and Indonesia saw its share reduced by -3.1% and -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest palm kernel oil supplying countries worldwide were Indonesia ($2B), Malaysia ($1.1B) and Thailand ($175M), with a combined 81% share of global exports. Colombia, Guatemala, Papua New Guinea and Honduras lagged somewhat behind, together comprising a further 8.9%.
Guatemala, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Exports By Type
Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified was the key type of palm kernel and babassu oil in the world, with the volume of exports finishing at 1.8M tons, which was approx. 68% of total exports in 2022. It was distantly followed by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (835K tons), creating a 32% share of total exports.
Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified was also the fastest-growing in terms of exports, with a CAGR of +2.0% from 2012 to 2022. vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified (-2.5%) illustrated a downward trend over the same period. Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (+10 p.p.) significantly strengthened its position in terms of the global exports, while vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified saw its share reduced by -10.5% from 2012 to 2022, respectively.
In value terms, vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($2.8B) remains the largest type of palm kernel and babassu oil supplied worldwide, comprising 71% of global exports. The second position in the ranking was taken by vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified ($1.2B), with a 29% share of global exports.
For vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified, exports expanded at an average annual rate of +5.7% over the period from 2012-2022.
Export Prices By Type
In 2022, the average palm kernel oil export price amounted to $1,532 per ton, surging by 13% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil export price increased by +125.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The global export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified ($1,591 per ton), while the average price for exports of vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified amounted to $1,407 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified (+3.6%).
Export Prices By Country
The average palm kernel oil export price stood at $1,532 per ton in 2022, growing by 13% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm kernel oil export price increased by +125.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 69% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($1,916 per ton), while Honduras ($1,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global palm kernel oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 258 - Oil of Palm Kernel
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global palm kernel oil market.
This report provides an in-depth analysis of the global crude coconut oil market.
This report provides an in-depth analysis of the global coconut oil market.
This report provides an in-depth analysis of the global refined coconut oil market.
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
In 2015, the countries with the highest levels of coconut oil production were the Philippines (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
The Philippines dominates in the global coconut oil trade. In 2014, the Philippines exported X thousand tons of coconut oil totaling X USD, X% under the previous year. Its primary trading partner was the Republic of Korea, where it supplied X%