The global palm kernel oil domestic industrial consumption remained dynamic in 2023. Indonesia leads significantly, showcasing a 5.22% growth, indicating its continued dominance. Growth is notable in Mexico with a 10.47% increase, and Russia at 9.34%. Conversely, sharp declines were observed in Malaysia, China, Thailand, and Japan. The standout growth was in Costa Rica with a 31.95% increase and Guatemala at 24.57%. Over the past five years, trends highlight modest year-on-year variations with notable growth in smaller markets indicating evolving demands and potential new entrants.
Future trends to monitor include potential shifts in consumption due to environmental and policy changes, technological advancements influencing palm oil alternatives, and economic developments in emerging markets that could significantly alter consumption patterns and distribution priorities.
Top countries in Palm Kernel Oil Domestic Industrial Consumption by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 3,230 | 2023 | +0.78% | +5.22% | View data |
| 2 | 2 Malaysia | 1,150 | 2023 | -7.19% | -3.89% | View data |
| 3 | 3 China | 750 | 2023 | +0.4% | -3.37% | View data |
| 4 | 4 Brazil | 341 | 2023 | +0.89% | +5.57% | View data |
| 5 | 5 Thailand | 180 | 2023 | +5.88% | -3.93% | View data |
| 6 | 6 United States | 165 | 2023 | 0% | 0% | View data |
| 7 | 7 Mexico | 130 | 2023 | +4% | +10.47% | View data |
| 8 | 8 Nigeria | 115 | 2023 | +4.55% | +1.84% | View data |
| 9 | 9 India | 115 | 2023 | +9.52% | 0% | View data |
| 10 | 10 Cameroon | 63 | 2023 | 0% | 0% | View data |
