The 2023 data underscores Indonesia's dominance in the global export market for palm kernel and babassu oil, accounting for the majority of exports, followed by Malaysia. Indonesia and Malaysia together hold over 90% of the market share. Other notable contributors include the Netherlands, Germany, and the United States, each showing positive growth trends, indicating expanding capabilities or increased demand.
Year-on-year changes indicate significant growth for Switzerland, Russia, and Canada, while Japan and Israel experienced declines. Over the last five years, export values have seen a steady compound annual growth rate, reflecting increasing global reliance on these oils.
Future trends to monitor include potential shifts in production due to climate changes, trade policies affecting exports, and innovations in alternative oils which may affect demand. Additionally, geopolitical relations could influence trade flows and reshuffle current market positions.
Top countries in Export of Palm Kernel and Babassu Oil, Fractions Simply Refined Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 77.33 | 2023 | +4% | +6.78% | View data |
| 2 | 2 Malaysia | 13.53 | 2023 | -2.21% | +0.46% | View data |
| 3 | 3 Netherlands | 3.47 | 2023 | +2.64% | +4.71% | View data |
| 4 | 4 Thailand | 1.96 | 2023 | +2.57% | -0.19% | View data |
| 5 | 5 Germany | 1.19 | 2023 | +4.77% | +4.67% | View data |
| 6 | 6 Colombia | 1.16 | 2023 | +4.86% | +5.19% | View data |
| 7 | 7 United States | 1.09 | 2023 | +3.72% | +3.7% | View data |
| 8 | 8 Spain | 0.45 | 2023 | +4.32% | +7.75% | View data |
| 9 | 9 Ecuador | 0.31 | 2023 | +2.17% | +5.81% | View data |
| 10 | 10 Costa Rica | 0.3 | 2023 | +3.82% | +5.96% | View data |
