The global export of Palm Nut or Kernel Oil Cake and other solid residues in 2023 indicated Indonesia as the dominant exporter with $683.11 million, followed by Malaysia at $284 million. The Netherlands and Germany trailed, highlighting Europe’s role in this market. Year-on-year analysis showed Indonesia and Germany experienced increases of 2.39% and 2.1% respectively, while the UK had a significant decline of 21.21%. Over the last five years, the compound annual growth rate suggested a modest market expansion, driven largely by Asian producers.
Future trends to watch include potential changes in global demand for sustainable and eco-friendly products, which might affect production dynamics. Emerging markets like Colombia and potential policy shifts in key exporting countries could play pivotal roles in shaping the industry landscape. Monitoring trade agreements and environmental regulations will be crucial for assessing future growth and export opportunities.
Top countries in Export of Palm Nut or Kernel Oil Cake and Other Solid Residues by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 683,110,000 | 2023 | +3.61% | +2.39% | View data |
| 2 | 2 Malaysia | 284,000,000 | 2023 | +1.44% | +0.16% | View data |
| 3 | 3 Netherlands | 75,366,000 | 2023 | +0.75% | +0.53% | View data |
| 4 | 4 Germany | 4,109,600 | 2023 | +2.2% | +2.1% | View data |
| 5 | 5 Ivory Coast | 3,390,600 | 2023 | +4.58% | +1.64% | View data |
| 6 | 6 Colombia | 1,320,300 | 2023 | +5.65% | +3.13% | View data |
| 7 | 7 Spain | 972,360 | 2023 | -1.32% | -0.32% | View data |
| 8 | 8 Belgium | 660,790 | 2023 | -21.49% | -14.94% | View data |
| 9 | 9 Ireland | 618,630 | 2023 | -0.88% | -5.41% | View data |
| 10 | 10 Thailand | 573,600 | 2023 | +5.21% | +1.9% | View data |
