In 2023, Indonesia and Malaysia dominated global palm kernel oil production, contributing significantly, with 5.2 and 2.15 million metric tons respectively. Over the past year, Indonesia's production grew modestly by 1.96%, whereas Malaysia experienced a slight decline of 1.55%. Nigeria showed robust growth of 5.57%. Noteworthy increases are seen in Costa Rica at 13.12%, while Ecuador dropped by 3.32%. The industry's annual growth rate over the last five years reflects diverse dynamics, with countries like Indonesia maintaining a steady increase and others like Guatemala seeing a decrease.
Future trends to watch include:
- The potential impact of climate change on production capacities in major producing countries.
- Technological advancements aiming at yield improvements and sustainability measures.
- Shifts in global demand patterns due to changing dietary trends and regulatory measures targeting palm oil sustainability.
Top countries in Palm Kernel Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 5,200 | 2023 | +1.88% | +1.96% | View data |
| 2 | 2 Malaysia | 2,150 | 2023 | +2.63% | -1.55% | View data |
| 3 | 3 Nigeria | 459 | 2023 | +16.79% | +5.57% | View data |
| 4 | 4 Thailand | 396 | 2023 | +2.06% | +0.051% | View data |
| 5 | 5 Colombia | 141 | 2023 | +6.02% | +1.33% | View data |
| 6 | 6 Guatemala | 81 | 2023 | 0% | -1.87% | View data |
| 7 | 7 Papua New Guinea | 78 | 2023 | +4% | -0.51% | View data |
| 8 | 8 Honduras | 75 | 2023 | -2.6% | +2.28% | View data |
| 9 | 9 Brazil | 69 | 2023 | +4.55% | +2.5% | View data |
| 10 | 10 Cameroon | 63 | 2023 | 0% | 0% | View data |
