The global market for palm kernel oil non-food uses in 2023 was led by Malaysia, followed closely by Indonesia and China. Notable year-on-year increases occurred in the United States, Colombia, and Canada, with the US demonstrating a 3.03% growth. Meanwhile, India and Japan saw significant declines, with reductions of 7.35% and 12.94%, respectively, indicating shifts in regional demand. The markets in regions like the UAE and Ukraine also showed substantial negative trends.
Future trends to watch include the impact of sustainability efforts on palm kernel oil production and consumption patterns. Emerging markets may capitalize on increased environmental regulations impacting high producers, leading to potential shifts in demand dynamics and market shares by 2024.
Top countries in Palm Kernel Oil Non-food Uses Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 27.46 | 2023 | -0.33% | -0.64% | View data |
| 2 | 2 Indonesia | 25.31 | 2023 | +1.53% | +0.35% | View data |
| 3 | 3 China | 12.62 | 2023 | +2.21% | +1.19% | View data |
| 4 | 4 Germany | 6.65 | 2023 | -0.54% | +0.61% | View data |
| 5 | 5 United States | 6.41 | 2023 | +1.73% | +3.03% | View data |
| 6 | 6 Brazil | 4.38 | 2023 | -1.23% | -1.12% | View data |
| 7 | 7 Netherlands | 3.38 | 2023 | +3.33% | +1.94% | View data |
| 8 | 8 Thailand | 2.51 | 2023 | 0% | -0.29% | View data |
| 9 | 9 Mexico | 1.8 | 2023 | +1.02% | +0.62% | View data |
| 10 | 10 India | 1.56 | 2023 | -5.49% | -7.35% | View data |
