The data from 2023 highlights Indonesia as the dominant leader in global palm oil production, contributing significantly more than Malaysia, the second-largest producer. Other notable countries include Thailand, Colombia, and Nigeria, although each produces considerably less. Year-on-year variations reveal modest growth in major producing countries, with notable increases in Guatemala and Venezuela. Over the last five years, China and Panama have shown declines in production, despite generally positive trends elsewhere.
Future trends to watch include the impacts of sustainability policies, technological advancements in cultivation, and global market demands, which may further influence production dynamics across these countries.
Top countries in Palm Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 42,930 | 2023 | +1.93% | +1.14% | View data |
| 2 | 2 Malaysia | 19,440 | 2023 | -0.01% | -0.076% | View data |
| 3 | 3 Thailand | 2,980 | 2023 | +2.05% | +1.44% | View data |
| 4 | 4 Colombia | 1,810 | 2023 | +2.32% | +2.14% | View data |
| 5 | 5 Nigeria | 1,090 | 2023 | +1.02% | +0.7% | View data |
| 6 | 6 Guatemala | 997 | 2023 | +3.21% | +2.64% | View data |
| 7 | 7 Honduras | 734 | 2023 | +2.09% | +2.46% | View data |
| 8 | 8 Papua New Guinea | 664 | 2023 | +1.07% | +1.22% | View data |
| 9 | 9 Ecuador | 593 | 2023 | +1.02% | +1.15% | View data |
| 10 | 10 Ivory Coast | 544 | 2023 | +1.49% | +1.14% | View data |
