In 2023, Indonesia dominated global palm kernel oil production with a 57.59% share, experiencing a 1.96% year-on-year increase. Malaysia followed with a 23.81% share, albeit with a decline of 1.55%. Nigeria, Thailand, and Colombia held shares of 5.08%, 4.39%, and 1.56% respectively, with Nigeria showing a notable 5.57% increase. Despite small shares, India (0.42%) and Costa Rica (0.55%) showed significant annual growth rates of 4.16% and 13.12% respectively.
In terms of future trends, three key areas to watch are the sustainability and regulatory impacts in leading producing countries, technological advancements in harvesting and processing, and shifts in global demand fueled by changing consumer preferences and industrial uses. Continued growth in countries with smaller production shares could also realign market dynamics.
Top countries in Palm Kernel Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 57.59 | 2023 | +1.88% | +1.96% | View data |
| 2 | 2 Malaysia | 23.81 | 2023 | +2.63% | -1.55% | View data |
| 3 | 3 Nigeria | 5.08 | 2023 | +16.79% | +5.57% | View data |
| 4 | 4 Thailand | 4.39 | 2023 | +2.06% | +0.051% | View data |
| 5 | 5 Colombia | 1.56 | 2023 | +6.02% | +1.33% | View data |
| 6 | 6 Guatemala | 0.9 | 2023 | 0% | -1.87% | View data |
| 7 | 7 Papua New Guinea | 0.86 | 2023 | +4% | -0.51% | View data |
| 8 | 8 Honduras | 0.83 | 2023 | -2.6% | +2.28% | View data |
| 9 | 9 Brazil | 0.76 | 2023 | +4.55% | +2.5% | View data |
| 10 | 10 Cameroon | 0.7 | 2023 | 0% | 0% | View data |
