Key Market Indicators
Honduran palm oil consumption is predicted to reach 127,000 metric tons by 2026, up from 124,000 metric tons in 2021. This is a 0.4% increase year-on-year on average. Since 2017, Honduran demand has risen by 0.5% each year. In 2021, Honduras was in 26th place, with Cameroon ahead at 124,000 metric tons. India, Indonesia, and Nigeria were 2nd, 3rd, and 4th respectively. Honduran palm oil production is expected to hit 884,490 metric tons by 2026, up from 749,580 metric tons in 2021. This is a 2.8% increase year-on-year on average. Since 1966, Honduran supply has grown by 4.2% annually. In 2021, Honduras was in 7th place, with Guatemala above at 749,580 metric tons. Malaysia, Thailand, and Colombia were 2nd, 3rd, and 4th respectively.