The 2024 Global Palm Kernel Oil Market Size Volume is notably led by Indonesia at 1.15 million metric tons, maintaining its substantial lead with a year-on-year increase of 0.35%. Malaysia follows with 0.148 million metric tons, showing a strong growth of 0.83% from the previous year. China's contribution stands at 0.105 million metric tons, reflecting a significant rise of 0.78%. Meanwhile, the Philippines and Nigeria saw declines of -0.39% and -7.11% respectively. Other notable changes include increases in Saudi Arabia (2.07%), Colombia (1.22%), Ivory Coast (0.82%), and Ghana (1.15%), whereas South Africa and Peru noted declines of -1.21% and -1.47% respectively.
Key future trends to watch in the global palm kernel oil market include the impact of sustainability initiatives, technological improvements in oil extraction, and policy changes in major producing and consuming countries. Additionally, shifts in consumer preferences toward sustainable and ethical products are likely to influence market dynamics significantly.
Top countries in Palm Kernel Oil Market Size Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,150 | 2023 | +1.5% | +0.35% | View data |
| 2 | 2 Malaysia | 148 | 2023 | +0.68% | +0.83% | View data |
| 3 | 3 China | 105 | 2023 | +0.96% | +0.78% | View data |
| 4 | 4 Philippines | 101 | 2023 | -0.98% | -0.39% | View data |
| 5 | 5 Nigeria | 83 | 2023 | -6.74% | -7.11% | View data |
| 6 | 6 Saudi Arabia | 41 | 2023 | +2.5% | +2.07% | View data |
| 7 | 7 Colombia | 34 | 2023 | +3.03% | +1.22% | View data |
| 8 | 8 Ivory Coast | 25 | 2023 | 0% | +0.82% | View data |
| 9 | 9 Ghana | 18 | 2023 | +5.88% | +1.15% | View data |
| 10 | 10 United States | 17 | 2023 | 0% | +1.22% | View data |
