In 2023, Indonesia dominated the global market for palm kernel and babassu oil exports, with a notable increase of 4.85% year-on-year, maintaining its leading position. Malaysia, though significant, saw a decline of 3.46% over the same period. Other key players like the Netherlands and the United States experienced growth, at 3.41% and 3.79% respectively, while Brazil and Russia led in growth percentage with impressive surges of 20.19% and 20.88%. Conversely, the UK and Nigeria faced substantial decreases at -17.71% and -24.03% respectively, indicating varied performances across the globe.
Future trends to watch include potential shifts in export dynamics, with Indonesia likely maintaining its lead. However, geopolitical shifts, environmental policies, and evolving consumer preferences might influence export volumes. Emerging economies and smaller exporters showing significant percentage increases, such as Switzerland and Slovenia, might progressively strengthen their market positions, potentially diversifying geographical market influence in 2024 and beyond.
Top countries in Export of Palm Kernel and Babassu Oil, Fractions Simply Refined by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,778,300,000 | 2023 | +3.92% | +4.85% | View data |
| 2 | 2 Malaysia | 251,890,000 | 2023 | -4.86% | -3.46% | View data |
| 3 | 3 Netherlands | 55,285,000 | 2023 | +1.87% | +3.41% | View data |
| 4 | 4 Thailand | 51,737,000 | 2023 | +2.81% | -0.8% | View data |
| 5 | 5 Colombia | 23,779,000 | 2023 | +4.94% | +4.55% | View data |
| 6 | 6 United States | 19,408,000 | 2023 | +3.4% | +3.79% | View data |
| 7 | 7 Germany | 17,998,000 | 2023 | +4.65% | +3.93% | View data |
| 8 | 8 Peru | 7,559,200 | 2023 | +6.41% | +1.02% | View data |
| 9 | 9 Spain | 7,055,600 | 2023 | +4.18% | +6.81% | View data |
| 10 | 10 Costa Rica | 6,639,000 | 2023 | +4.23% | +4.57% | View data |
