In 2023, Germany led global imports of crude palm kernel or babassu oil, with the Netherlands closely following. Import volumes in both countries showed modest growth, while Malaysia and India experienced declines. Europe displayed resilience, with Spain, Italy, and France showing positive trends. Asia exhibited mixed results, with China's significant drop overshadowing India's minor decline. Notably, Latin American countries like Colombia and Costa Rica reported growth. Smaller markets such as Senegal and Qatar saw remarkable percentages, reflecting potential volatility or strategic shifts.
Future trends to watch include the impact of sustainability pressures on demand, shifts towards alternative oils, and economic growth in emerging markets influencing import dynamics.
Top countries in Import of Crude Palm Kernel or Babassu Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 274,850,000 | 2023 | +0.62% | +0.58% | View data |
| 2 | 2 Netherlands | 239,440,000 | 2023 | +2.97% | +2.75% | View data |
| 3 | 3 Malaysia | 172,420,000 | 2023 | -1.64% | -2.95% | View data |
| 4 | 4 India | 100,320,000 | 2023 | -2.35% | -3.99% | View data |
| 5 | 5 Spain | 45,611,000 | 2023 | +2.01% | +2.93% | View data |
| 6 | 6 China | 41,385,000 | 2023 | -17.44% | -17.58% | View data |
| 7 | 7 Italy | 39,148,000 | 2023 | +2.02% | +1.47% | View data |
| 8 | 8 Colombia | 18,702,000 | 2023 | +5.71% | +4.36% | View data |
| 9 | 9 France | 16,393,000 | 2023 | +2.78% | +7.19% | View data |
| 10 | 10 Costa Rica | 13,564,000 | 2023 | +5.89% | +5.01% | View data |
