In 2023, Indonesia led global palm oil distribution with 36.63 thousand metric tons, followed by Malaysia at 15.66 thousand metric tons. India and China were significant importers, with 8.22 and 5.09 thousand metric tons, respectively. Indonesia experienced a year-on-year increase of 3.53%, while Malaysia saw a decrease of 1.37%. Noteworthy growth was observed in smaller markets such as Colombia (4.87%) and Guatemala (5.39%). Conversely, declines were seen in markets like Russia (-4.97%) and Japan (-4.49%). Of particular interest were markets such as Saudi Arabia and Iraq, where demand surged by 9.93% and 10.96%, respectively.
Future trends to watch include potential growth in emerging economies with rising consumption patterns, such as Iraq and Peru. Market dynamics might be influenced by sustainability initiatives and regulations impacting production and distribution. Additionally, geopolitical factors and advancements in alternative oils could reshape the landscape. Monitoring how these factors evolve will be crucial for understanding future distribution shares.
Top countries in Palm Oil Distribution Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 36.63 | 2023 | -0.31% | +3.53% | View data |
| 2 | 2 Malaysia | 15.66 | 2023 | +4.96% | -1.37% | View data |
| 3 | 3 India | 8.22 | 2023 | +6.25% | +1.14% | View data |
| 4 | 4 China | 5.09 | 2023 | +11.72% | +0.26% | View data |
| 5 | 5 Pakistan | 2.79 | 2023 | +6.73% | +1.21% | View data |
| 6 | 6 Thailand | 2.59 | 2023 | -3.42% | +2.26% | View data |
| 7 | 7 Colombia | 2 | 2023 | +4.31% | +4.87% | View data |
| 8 | 8 United States | 1.42 | 2023 | +0.68% | +4.45% | View data |
| 9 | 9 Nigeria | 1.38 | 2023 | +6.21% | +4.59% | View data |
| 10 | 10 Bangladesh | 1.21 | 2023 | +5.84% | -0.94% | View data |
