In 2023, Indonesia and Malaysia dominated the global palm kernel oil supply, contributing 42.18 and 21.59 thousand metric tons, respectively. Indonesia experienced a minor growth of 1.44% year-on-year, whereas Malaysia faced a 1.46% decline. Notably, Nigeria grew by 5.97%, and Mexico displayed a remarkable surge with a 10.47% increase in supply. Conversely, China reduced its supply by 3.37%, and the Philippines saw a decline of 4.96%. Over the past five years, trends have been volatile, with areas like Costa Rica witnessing double-digit growth.
Looking forward, industry experts should monitor geopolitical developments, sustainability practices, and technological advancements in processing. These factors could significantly influence production capacities and international trade dynamics in the palm kernel oil sector.
Top countries in Palm Kernel Oil Supply Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 42.18 | 2023 | +0.59% | +1.44% | View data |
| 2 | 2 Malaysia | 21.59 | 2023 | +2.19% | -1.46% | View data |
| 3 | 3 China | 5.79 | 2023 | +0.4% | -3.37% | View data |
| 4 | 4 Nigeria | 3.65 | 2023 | +14.81% | +5.97% | View data |
| 5 | 5 Thailand | 3.53 | 2023 | +3.63% | -0.044% | View data |
| 6 | 6 United States | 3.18 | 2023 | +8.42% | +2.91% | View data |
| 7 | 7 Brazil | 2.65 | 2023 | +0.88% | +5.76% | View data |
| 8 | 8 India | 1.43 | 2023 | +10.78% | -0.64% | View data |
| 9 | 9 Colombia | 1.22 | 2023 | +1.28% | -1.1% | View data |
| 10 | 10 Mexico | 1 | 2023 | +4% | +10.47% | View data |
