In 2024, Indonesia remains the dominant player in global palm kernel oil production, accounting for 57.54% of total output, followed by Malaysia at 27.62%. Thailand, Colombia, and Nigeria round out the top five, with shares of 3.38%, 1.78%, and 1.42%, respectively. Notably, smaller producers like Guatemala (1.11%) and Honduras (1.01%) have shown significant year-on-year growth, with increases of 4.52% and 3.89%, respectively. In contrast, Brazil and the Democratic Republic of the Congo experienced declines of 5.59% and 15.24%, respectively.
The Compound Annual Growth Rate (CAGR) over the last five years shows stable growth for major producers, particularly Indonesia and Malaysia. Emerging markets in Africa and Latin America like Ghana and Nicaragua are also noteworthy, exhibiting CAGRs of 4.53% and 5.48%, respectively. However, some countries such as Cambodia and Suriname show negative growth trends.
Future trends to watch include the potential impact of environmental policies on production practices, technological advancements in sustainable agriculture, and shifts in global demand due to changing consumer preferences. Additionally, geopolitical factors may influence production and distribution channels, particularly in regions with fluctuating political stability.
Top countries in Palm Kernel Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 57.54 | 2023 | +3.27% | +3.1% | View data |
| 2 | 2 Malaysia | 27.62 | 2023 | +1.2% | +1.15% | View data |
| 3 | 3 Thailand | 3.38 | 2023 | +3.46% | +3.31% | View data |
| 4 | 4 Colombia | 1.78 | 2023 | +3.18% | +3.24% | View data |
| 5 | 5 Nigeria | 1.42 | 2023 | -0.57% | -1.35% | View data |
| 6 | 6 Guatemala | 1.11 | 2023 | +4.48% | +4.52% | View data |
| 7 | 7 Honduras | 1.01 | 2023 | +3.67% | +3.89% | View data |
| 8 | 8 Papua New Guinea | 0.87 | 2023 | +2.52% | +2.89% | View data |
| 9 | 9 Ghana | 0.83 | 2023 | +3.9% | +4.53% | View data |
| 10 | 10 Ecuador | 0.61 | 2023 | +2.09% | +2.71% | View data |
