The global palm oil market showcases a diverse range of per capita consumption across various countries, with Honduras leading at 12.85 kg per capita. High consumption is noted in several African and Middle Eastern countries, such as the Ivory Coast, Liberia, and Saudi Arabia. Meanwhile, key producers like Malaysia and Indonesia show moderate per capita consumption at 6.89 kg and 5.76 kg respectively. The lowest consumption is observed in Myanmar at 0.05 kg per capita.
Reviewing the market from the year-on-year changes over the last two years and compound annual growth rate (CAGR) across the last five years reveals a consistent pattern of consumption within most countries. Incremental increases in countries with emerging economies suggest a gradual rise in palm oil demand.
Future trends to watch in the global palm oil market include increased consumption in emerging markets and sustainability-driven shifts in established markets. With health and environmental concerns gaining traction, demand for sustainably sourced and certified palm oil is expected to rise, impacting overall volume and purchasing practices globally.
Top countries in Palm Oil Market Size Volume Per Capita by Country
| # | 10 Countries | Kilograms Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Honduras | 12.85 | 2023 | View data |
| 2 | 2 Ivory Coast | 11.79 | 2023 | View data |
| 3 | 3 Liberia | 11.37 | 2023 | View data |
| 4 | 4 Saudi Arabia | 11.09 | 2023 | View data |
| 5 | 5 Sierra Leone | 10.72 | 2023 | View data |
| 6 | 6 Djibouti | 9.58 | 2023 | View data |
| 7 | 7 Ecuador | 8.47 | 2023 | View data |
| 8 | 8 Dominican Republic | 7.9 | 2023 | View data |
| 9 | 9 Republic of the Congo | 7.86 | 2023 | View data |
| 10 | 10 Colombia | 7.68 | 2023 | View data |