Key Market Indicators
Filipina consumption of palm oil is forecast to reach 424,610 tons by 2026, up from 336,000 tons in 2021. This represents a 3.8% annual growth rate since 2017. In 2021, Saudi Arabia led the ranking with 336,000 tons, followed by India, Indonesia, and Nigeria. Meanwhile, Filipina production of palm oil is projected to reach 156,130 tons by 2026, a 2% annual growth rate since 1966. Peru led the ranking in 2021 with 138,320 tons, followed by Malaysia, Thailand, and Colombia.