Key Market Indicators
Australians are expected to consume 114 thousand metric tons of palm oil by 2026. This is a 0.7% increase on 2021's figure of 109 thousand metric tons. Since 2017, Australian demand for palm oil has grown by 1.3% annually. As of 2021, Australia was the 28th largest consumer in the world, behind Japan who consumed 109 thousand metric tons. India, Indonesia and Nigeria rounded out the top four.
