Key Market Indicators
Ethiopia is set to become the world's 13th-largest consumer of palm oil by 2026. Demand for the commodity is expected to reach 269 thousand metric tons this year, up 0.5% year-on-year. Since 2017, consumption in Ethiopia has grown by 0.9% each year. Ivory Coast is the largest consumer of palm oil in the world, with 261 thousand metric tons consumed in 2021. India, Indonesia and Nigeria follow, respectively, in second, third and fourth place.
