Global Palm Oil Trends in 2022
Palm Oil is part of Edible Oil. You may also be interested in Olive Oil, Sunflower Oil and Soybean Oil.
Global consumption of palm oil is forecast to reach 18 million metric tons by 2026, up from 17.3 million metric tons in 2021. This is a 0.9% annual growth rate, slightly higher than the 0.6% rate seen since 2017. In 2021, China was the top consumer of palm oil, with 2.95 million metric tons. India, Indonesia, and Nigeria ranked second, third, and fourth, respectively. Zimbabwe saw an increase of 6.3% year-on-year, while Papua New Guinea saw a decrease of 10.3% over the same period. Global production of palm oil is expected to reach 87.7 million metric tons by 2026, up from 76.8 million metric tons in 2021. This represents a 2.2% annual growth rate, higher than the 5.7% rate seen since 1966. In 2021, Indonesia was the top producer of palm oil, with 44 million metric tons. Malaysia, Thailand, and Colombia ranked second, third, and fourth, respectively. Nicaragua saw an increase of 14.5% year-on-year, while Venezuela saw a decrease of 28% over the same period.
Top 10 countries
In 2022 major markets in the Palm Oil Industry were:
Palm Oil Market Data and Forecasts
How much the Palm Oil industry is expected to grow to 2026?
More in Palm Oil Industry for 2028Global Palm Oil Statistics
- Palm Oil Import 210 countries (Africa, Sub-Saharan Africa, Asia...)
- Palm Oil Export 168 countries (Africa, Sub-Saharan Africa, Asia...)
- Palm Oil Production 120 countries (Africa, Sub-Saharan Africa, Latin America...)
- Palm Oil Consumption 193 countries (Africa, Sub-Saharan Africa, Asia...)
- Crude Oil Import 219 countries (Asia, Europe, Africa...)
- Crude Oil Export 229 countries (Europe, Asia, Southern Europe...)
- Palm Oil Stocks 134 countries (Africa, Asia, Sub-Saharan Africa...)
- Food Consumption 174 countries (Asia, Africa, Sub-Saharan Africa...)
- Palm Oil Price 54 countries (Latin America, South America, Sub-Saharan Africa...)
- Palm Oil Sales 19 countries (Europe, Northern Europe, Southern Europe...)