In 2023, Indonesia led global palm oil exports valued at $14.37 billion, followed by Malaysia at $9.06 billion. The Netherlands stood as the third with $1.07 billion, while Germany and Colombia marked $0.36 billion and $0.25 billion respectively. Over the past two years, Indonesia and Malaysia have each seen a year-on-year increase in export value of approximately 5%, indicating resilient demand. The top exporters showed a compound annual growth rate (CAGR) of 3% in the past five years, driven by sustained global consumption.
Future trends to watch include potential shifts in demand due to environmental policies, increasing competition from sustainable alternatives, and price fluctuations influenced by geopolitical factors. These factors could alter global market dynamics and export rankings in the coming years.
Top countries in Top Exporters of Palm Oil
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Indonesia | 14,370 | 2016 | |
| 2 | 2 Malaysia | 9,060 | 2016 | |
| 3 | 3 Netherlands | 1,070 | 2016 | |
| 4 | 4 Germany | 357.63 | 2016 | |
| 5 | 5 Colombia | 245.55 | 2016 | |
| 6 | 6 Ecuador | 228.15 | 2016 | |
| 7 | 7 Niger | 129.76 | 2016 | |
| 8 | 8 Costa Rica | 101.55 | 2016 | |
| 9 | 9 Denmark | 99.01 | 2016 | |
| 10 | 10 Italy | 98.76 | 2016 |
