Global Palm Kernel Oil Domestic Consumption by Country

Indonesia leads in palm kernel oil consumption, with a marked year-on-year increase of 4.89% in 2023. Malaysia and China show significant declines of 3.71% and 3.37%, respectively, reflecting potential shifts in industrial usage or economic factors. Nigeria and Brazil have notable increases of 4.87% and 5.57%, indicating growing domestic demand. The United States, while consuming less, still saw a moderate rise of 3.32%. Countries such as Mexico and Costa Rica saw substantial increases of 10.47% and 34.49%, respectively, signifying emerging markets.

Key points:

• High variability in consumption trends, with Indonesia as the largest consumer.
• Significant declines in major Asian consumers, Malaysia and China.
• Potential growth in Latin American markets such as Brazil, Mexico, and Costa Rica.
• Stable or minimal changes in African nations except for a notable increase in Ghana.
• Smaller markets like Singapore show a high percentage increase due to smaller baseline consumption.

Future trends to monitor include the impact of global economic shifts, policies affecting palm kernel oil production, and emerging markets' consumption patterns. Environmental and sustainability concerns may also alter the landscape of global palm kernel oil consumption.