In 2023, Indonesia dominated the palm kernel and babassu oil market, representing 80.47% of the global exports. Malaysia followed significantly behind at 11.4%. Other notable exporters included the Netherlands and Thailand, with shares of 2.5% and 2.34%, respectively. Despite a slight decline, Malaysia remained a key player. The Netherlands experienced a modest increase, while Colombia and Costa Rica saw notable percentage growth in their export shares. Meanwhile, Australia, Switzerland, and Slovenia registered impressive growth percentages from smaller bases. The United Kingdom and Nigeria experienced substantial declines in their export shares.
Future trends to watch include potential increased competition from emerging exporters as they continue to grow their market presence, especially considering positive growth percentages from countries like Switzerland and Slovenia. The global demand for sustainable and ethically sourced oils may influence the market dynamics and trade patterns, encouraging traditional exporters to innovate and adapt.
Top countries in Export of Palm Kernel and Babassu Oil, Fractions Simply Refined Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 80.47 | 2023 | +3.92% | +4.85% | View data |
| 2 | 2 Malaysia | 11.4 | 2023 | -4.86% | -3.46% | View data |
| 3 | 3 Netherlands | 2.5 | 2023 | +1.87% | +3.41% | View data |
| 4 | 4 Thailand | 2.34 | 2023 | +2.81% | -0.8% | View data |
| 5 | 5 Colombia | 1.08 | 2023 | +4.94% | +4.55% | View data |
| 6 | 6 United States | 0.88 | 2023 | +3.4% | +3.79% | View data |
| 7 | 7 Germany | 0.81 | 2023 | +4.65% | +3.93% | View data |
| 8 | 8 Peru | 0.34 | 2023 | +6.41% | +1.02% | View data |
| 9 | 9 Spain | 0.32 | 2023 | +4.18% | +6.81% | View data |
| 10 | 10 Costa Rica | 0.3 | 2023 | +4.23% | +4.57% | View data |
