The global import of palm kernel and babassu oil, fractions simply refined, shows China leading with a 36.04% share, followed by the United States at 18.48%, and Brazil at 9.69%. Year-on-year variation indicates modest growth in most countries, with China experiencing a 4.94% increase, Germany a notable 6.99%, and significant decreases like Malaysia's -44.45%. Over a 5-year period, trends show stable growth for most top importers, while countries like Bosnia and Herzegovina and Angola have seen substantial recent variations, indicating shifts in market dynamics or economic conditions.
Future trends to watch include China's continued demand growth, potential recovery or further decline in Malaysia's imports, and the impact of geopolitical factors on Russia and Ukraine's trade volumes. Additionally, emerging markets may play a larger role as they stabilize economically, possibly altering the current import distribution landscape.
Top countries in Import of Palm Kernel and Babassu Oil, Fractions Simply Refined Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36.04 | 2023 | +4.61% | +4.94% | View data |
| 2 | 2 United States | 18.48 | 2023 | +2.3% | +3.25% | View data |
| 3 | 3 Brazil | 9.69 | 2023 | +2.39% | +3.27% | View data |
| 4 | 4 Germany | 6.37 | 2023 | +2.56% | +6.99% | View data |
| 5 | 5 Philippines | 5.32 | 2023 | +4.11% | +5.2% | View data |
| 6 | 6 Japan | 3.35 | 2023 | -0.028% | -1.08% | View data |
| 7 | 7 Russia | 2.43 | 2023 | +1.73% | +1.98% | View data |
| 8 | 8 Saudi Arabia | 2.25 | 2023 | +4.6% | +1.8% | View data |
| 9 | 9 Sweden | 1.49 | 2023 | +2.63% | +2.36% | View data |
| 10 | 10 Belgium | 1.27 | 2023 | +4.09% | +3.68% | View data |
