The global palm kernel oil export market in 2023 was predominantly led by Indonesia and Malaysia, contributing 45.93 and 37.22 thousand metric tons, respectively. Significant growth was observed in Honduras (+10.76%) and Nigeria (+9.0%), while notable declines were seen in the Philippines (-30.12%) and Ecuador (-15.59%). Core players like Thailand and Costa Rica showed positive variations at 7.29% and 3.13%, respectively. Other countries like Cameroon, Ghana, and Benin remained stable with minimal or no change in variation.
Looking forward, the market dynamics might shift as key players like Indonesia are predicted to see declines while emerging markets such as Honduras, Nigeria, and Ivory Coast are expected to expand their contributions. Monitoring environmental policies, changes in global demand, and technological advancements in palm oil production will be crucial for anticipating future trends in the global palm kernel oil exports.
Top countries in Palm Kernel Oil Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 45.93 | 2023 | +0.49% | -5.13% | View data |
| 2 | 2 Malaysia | 37.22 | 2023 | +16.57% | +2.45% | View data |
| 3 | 3 Thailand | 4.59 | 2023 | +16% | +7.29% | View data |
| 4 | 4 Colombia | 2.53 | 2023 | -11.11% | -0.49% | View data |
| 5 | 5 Guatemala | 2.38 | 2023 | 0% | -1.77% | View data |
| 6 | 6 Papua New Guinea | 2.06 | 2023 | -1.52% | -2.02% | View data |
| 7 | 7 Honduras | 1.58 | 2023 | 0% | +10.76% | View data |
| 8 | 8 Costa Rica | 0.89 | 2023 | -9.68% | +3.13% | View data |
| 9 | 9 Ivory Coast | 0.79 | 2023 | 0% | +4.56% | View data |
| 10 | 10 Nigeria | 0.63 | 2023 | +53.85% | +9% | View data |
