In 2023, Germany led the global import of crude palm kernel or babassu oil, followed by the Netherlands and Malaysia. Key importers like India and China showed declines, while emerging markets like Ecuador and Croatia experienced significant growth in imports. Meanwhile, traditional European importers such as Spain and Italy showed moderate growth, indicating a steady demand within the continent.
Future trends suggest a probable increase in diversified imports from growing economies like Ecuador, driven by rising demand and competitive pricing. Watch for shifts in global supply chains due to environmental and sustainability considerations impacting major importers' sourcing strategies. Potential policy changes and expanded the use of biofuels may also influence future import patterns.
Top countries in Import of Crude Palm Kernel or Babassu Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 345,250,000 | 2023 | +1.69% | +2.58% | View data |
| 2 | 2 Netherlands | 280,160,000 | 2023 | +3.45% | +4.43% | View data |
| 3 | 3 Malaysia | 175,140,000 | 2023 | -1.76% | -1.17% | View data |
| 4 | 4 India | 111,770,000 | 2023 | -1.42% | -1.96% | View data |
| 5 | 5 Spain | 58,427,000 | 2023 | +3.07% | +5.62% | View data |
| 6 | 6 Italy | 46,969,000 | 2023 | +2.78% | +3.13% | View data |
| 7 | 7 China | 43,267,000 | 2023 | -16.73% | -16.34% | View data |
| 8 | 8 Colombia | 17,960,000 | 2023 | +5.53% | +6.12% | View data |
| 9 | 9 France | 17,732,000 | 2023 | +2.26% | +4.13% | View data |
| 10 | 10 United Kingdom | 17,708,000 | 2023 | -4.69% | -3.91% | View data |
