Key Market Indicators
Colombian consumption of palm oil is expected to reach 390,000 metric tons by 2026. This is a 0.2% year-on-year growth from 2021's 385,000 metric tons. Since 2017, demand has risen 1.2% year-on-year. Colombia came in ninth in the 2021 ranking, behind Mexico's 385,000 metric tons. India, Indonesia, and Nigeria were placed second, third, and fourth respectively. Colombian production of palm oil is estimated to hit 2.1 million metric tons by 2026. This is a 2.8% year-on-year growth from 2021's 1.8 million metric tons. Since 1966, production has grown 9.7% year-on-year. Colombia came in fourth in the 2021 ranking, behind Thailand's 1.8 million metric tons. Malaysia, Thailand, and Colombia placed second, third, and fourth respectively.