The global palm oil export market is significantly dominated by Indonesia and Malaysia, contributing a combined total of approximately 44.8 million metric tons in 2023. Indonesia experienced a marginal growth of 0.015%, whereas Malaysia saw a decline of 2.12%. Emerging exporters like Thailand and Djibouti showed substantial year-on-year growth rates of 16.41% and 33.64%, respectively, albeit from lower bases. Some countries, such as Iran, recorded significant declines due to export cessation. Overall, a mixed trend is observed across various nations, highlighting disparities in production capabilities and market access.
Future trends indicate increased competition as nations seek to diversify their export markets and invest in sustainable practices. With evolving environmental regulations and demand shifts, countries like Indonesia and Malaysia might face pressure to adapt and innovate. Additionally, emerging exporters, through technological advancements and strategic alliances, could potentially alter the global market dynamics over the next few years.
Top countries in Palm Oil Export by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 28,300 | 2023 | +0.79% | +0.015% | View data |
| 2 | 2 Malaysia | 16,500 | 2023 | +7.46% | -2.12% | View data |
| 3 | 3 Guatemala | 875 | 2023 | +1.74% | +1.11% | View data |
| 4 | 4 Papua New Guinea | 800 | 2023 | 0% | +6.98% | View data |
| 5 | 5 Colombia | 675 | 2023 | +35% | -0.059% | View data |
| 6 | 6 Thailand | 575 | 2023 | -36.11% | +16.41% | View data |
| 7 | 7 Honduras | 435 | 2023 | -3.33% | +10.25% | View data |
| 8 | 8 Ivory Coast | 375 | 2023 | +50% | +5.2% | View data |
| 9 | 9 Costa Rica | 235 | 2023 | -2.08% | +2.18% | View data |
| 10 | 10 United Arab Emirates | 190 | 2023 | 0% | +2.25% | View data |
