Global Palm Kernel Oil distribution for 2024 reveals Indonesia and Malaysia as dominant players with 5.47 and 2.8 million metric tons respectively. Noticeably, China, Nigeria, and Thailand follow at a significant margin with values below 1 million metric tons. The United States and Brazil have also established a noteworthy presence. Countries like India, Colombia, and Mexico reflect a balanced yet modest distribution pattern ranging from 0.1 to 0.2 million metric tons. Lesser contributors include Guatemala, Honduras, and Papua New Guinea, observing figures slightly above 0.07 million metric tons.
Year-on-year variations exhibit Indonesia growing by 1.44% and Nigeria by 5.97%, while Malaysia and China decreased by 1.46% and 3.37% respectively. Mexico showcased a substantial increase of 10.47% whereas Costa Rica saw the highest increase of 11.95%. Conversely, Iran saw a significant downturn at -12.94%, and the Philippines decreased by 4.96%.
Future trends to watch include the dominance of Southeast Asian countries potentially stabilizing or marginally growing, with possible increased contributions from Nigeria and Brazil. Global market demands, environmental policies, and changes in agricultural practices are likely to influence these trends moving forward.
Top countries in Palm Kernel Oil Distribution by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 5,470 | 2023 | +0.59% | +1.44% | View data |
| 2 | 2 Malaysia | 2,800 | 2023 | +2.19% | -1.46% | View data |
| 3 | 3 China | 750 | 2023 | +0.4% | -3.37% | View data |
| 4 | 4 Nigeria | 473 | 2023 | +14.81% | +5.97% | View data |
| 5 | 5 Thailand | 457 | 2023 | +3.63% | -0.044% | View data |
| 6 | 6 United States | 412 | 2023 | +8.42% | +2.91% | View data |
| 7 | 7 Brazil | 344 | 2023 | +0.88% | +5.76% | View data |
| 8 | 8 India | 185 | 2023 | +10.78% | -0.64% | View data |
| 9 | 9 Colombia | 158 | 2023 | +1.28% | -1.1% | View data |
| 10 | 10 Mexico | 130 | 2023 | +4% | +10.47% | View data |
