The global import of palm kernel and babassu oil, fractions simply refined, is dominated by China, the United States, and Brazil. Notably, China experienced a 6.47% year-on-year increase, establishing it as the leading importer. Germany and Mexico demonstrated significant growth at 8.33% and 8.63%, respectively. Conversely, Japan and Ukraine faced declines, emphasizing geopolitical or economic challenges. Noteworthy are Bosnia and Herzegovina and Angola with remarkable growth rates, albeit from a smaller base. The import landscape shows strong regional interests, with emerging markets like Southeast Asia playing crucial roles.
Future trend predictions suggest increased diversification, with rising environmental awareness and sustainability demands potentially altering the supply chain. Watch for technological advancements in refining processes and potential shifts in trade policies impacting key importers.
Top countries in Import of Palm Kernel and Babassu Oil, Fractions Simply Refined Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 31.66 | 2023 | +4.61% | +6.47% | View data |
| 2 | 2 United States | 17.8 | 2023 | +2.57% | +4.39% | View data |
| 3 | 3 Brazil | 8.88 | 2023 | +2.62% | +4.52% | View data |
| 4 | 4 Germany | 6.88 | 2023 | +2.96% | +8.33% | View data |
| 5 | 5 Philippines | 4.77 | 2023 | +4.79% | +5.53% | View data |
| 6 | 6 Malaysia | 4.32 | 2023 | +2.6% | +3.04% | View data |
| 7 | 7 Russia | 2.66 | 2023 | +2.31% | +3.88% | View data |
| 8 | 8 Japan | 2.38 | 2023 | -2.03% | -6.4% | View data |
| 9 | 9 Saudi Arabia | 1.91 | 2023 | +4.89% | +2.49% | View data |
| 10 | 10 Sweden | 1.83 | 2023 | +3.25% | +3.52% | View data |
