Key Market Indicators
The consumption of palm oil in Laos is set to drop by 2.3% annually, on average, to reach 2.6 thousand metric tons by 2026. This is down from 3 thousand metric tons in 2021, when Laos ranked as the 78th largest consumer in the world. Mongolia overtook Laos in 2021 in terms of consumption, ranking 77th with 3 thousand metric tons. India, Indonesia, and Nigeria respectively held the 2nd, 3rd, and 4th largest consumption in the world. Since 2017, Lao consumption has remained stable.
