Key Market Indicators
Saudi Arabia's palm oil consumption is set to reach nearly 387,000 metric tons by 2026. This year, the country is in 10th place, with 383,000 metric tons consumed. Colombia has surpassed Saudi Arabia this year, with the same amount of consumption. India, Indonesia and Nigeria take the top three spots for the world's largest palm oil consumers, respectively. Between 2017 and 2021, Saudi Arabia's palm oil consumption increased by an average of 0.4% year-on-year. This trend is expected to continue into the future, with the country's consumption forecast to rise 0.2% year-on-year.
