In 2023, Indonesia and Malaysia were the leading exporters of palm oil, commanding substantial shares of 59.46% and 26.8% respectively. While Indonesia's export volume increased slightly by 1.06%, Malaysia saw a decrease of 0.86%, reflecting potential competitiveness or market dynamics shifts. Countries like Colombia and Guatemala showed significant positive growth of over 3%, signaling increasing participation in the global market. Conversely, Niger and Nigeria experienced negative variations, with declines of 15.59%.
Future trends to watch include the potential expansion of emerging exporters like Colombia and the Netherlands, who exhibit strong growth momentum. Additionally, geopolitical and sustainability issues around palm oil production could impact future export dynamics and market shares.
Top countries in Palm Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 59.46 | 2023 | +1.27% | +1.06% | View data |
| 2 | 2 Malaysia | 26.8 | 2023 | -0.79% | -0.86% | View data |
| 3 | 3 Netherlands | 2.91 | 2023 | +1.12% | +2.14% | View data |
| 4 | 4 Guatemala | 1.92 | 2023 | +3.37% | +3.01% | View data |
| 5 | 5 Colombia | 1.66 | 2023 | +4.18% | +3.2% | View data |
| 6 | 6 Papua New Guinea | 1.29 | 2023 | +1.11% | +1.24% | View data |
| 7 | 7 Honduras | 0.89 | 2023 | +2.1% | +3.32% | View data |
| 8 | 8 Germany | 0.76 | 2023 | 0% | +0.48% | View data |
| 9 | 9 Thailand | 0.75 | 2023 | +3.04% | +1.46% | View data |
| 10 | 10 Ecuador | 0.63 | 2023 | +1.29% | +1.81% | View data |
