Key Market Indicators
By 2026, Brazil is expected to consume 630,000 metric tons of palm oil, up 0.7% from 604,000 metric tons in 2021. Between 2017 and 2021, demand rose by 0.8% per year. In 2021, Brazil ranked sixth in terms of palm oil consumption, while Pakistan took the top spot with 604,000 metric tons. India, Indonesia, and Nigeria followed in second, third, and fourth place, respectively. Brazil is also forecast to produce 583,250 metric tons of palm oil by 2026, a 2.5% year-on-year increase from 502,950 metric tons in 2021. Between 1966 and 2021, supply rose by 3.9% per year. In 2021, Brazil was tenth in terms of production, with Ecuador coming in first at 502,950 metric tons. Malaysia, Thailand, and Colombia followed in second, third, and fourth place, respectively.
