The global export landscape of palm nut or kernel oil cake and other solid residues is dominated by Indonesia and Malaysia, accounting for 85% of the market share. In 2023, export values exhibited minor growth with notable increases in Colombia and Luxembourg by 3.13% and 5.07% respectively. Meanwhile, European countries like Belgium and the United Kingdom saw significant declines, with reductions of 14.94% and 21.21% respectively. Over the last five years, the exports showed steady growth, led by developing nations investing in this market.
Future trends to watch include:
- Continued dominance of Indonesia and Malaysia with potential expansion into new markets.
- Growth opportunities in emerging markets like Colombia, which has shown consistent annual increases.
- Potential recovery in European nations as they explore sustainable and eco-friendly technologies.
- Geopolitical factors and global sustainability initiatives that may impact trade flows.
Top countries in Export of Palm Nut or Kernel Oil Cake and Other Solid Residues Share by Country (US Dollars)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Indonesia | 60.76 | 2023 | +3.61% | +2.39% | View data |
2 | 2 Malaysia | 25.26 | 2023 | +1.44% | +0.16% | View data |
3 | 3 Netherlands | 6.7 | 2023 | +0.75% | +0.53% | View data |
4 | 4 Germany | 0.37 | 2023 | +2.2% | +2.1% | View data |
5 | 5 Ivory Coast | 0.3 | 2023 | +4.58% | +1.64% | View data |
6 | 6 Colombia | 0.12 | 2023 | +5.65% | +3.13% | View data |
7 | 7 Spain | 0.086 | 2023 | -1.32% | -0.32% | View data |
8 | 8 Belgium | 0.059 | 2023 | -21.49% | -14.94% | View data |
9 | 9 Ireland | 0.055 | 2023 | -0.88% | -5.41% | View data |
10 | 10 Thailand | 0.051 | 2023 | +5.21% | +1.9% | View data |