Key Market Indicators
Nicaraguan palm oil consumption is projected to increase by 0.4% to 23.4 thousand metric tons by 2026. In 2021, the country was ranked 57th, with 23 thousand metric tons consumed, whereas Israel was ahead at the same level. India, Indonesia, and Nigeria held the top 3 positions in the ranking. Nicaraguan palm oil production is also estimated to grow by 3.7% to 127,150 metric tons by 2026. In 2021, Nicaragua was ranked 19th with 101,840 metric tons produced, whereas Belgium was ahead at the same level. Malaysia, Thailand, and Colombia held the top 3 positions in this ranking.
