In 2023, Indonesia dominated the global export of palm oil with a 60.92% share, followed by Malaysia at 25.89%. Indonesia showed a moderate year-on-year increase, while Malaysia saw a slight decline. Notably, Botswana experienced significant growth with a 315.47% rise, albeit from a small base. European countries, such as the Netherlands and Germany, maintain moderate shares with positive growth. Other regions, including the United States and the UAE, have shown consistent yet modest growth in their export share.
Future trends indicate continued dominance by Indonesia and Malaysia, but market diversification is likely as emerging exporters like Botswana and non-traditional players increase their market footprint. Additionally, environmental concerns and regulatory changes could impact future export dynamics. Monitoring these shifts alongside technological advancements in sustainable palm oil production will be key.
Top countries in Export of Palm Oil or Fractions Simply Refined Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 60.92 | 2023 | +3.26% | +4.1% | View data |
| 2 | 2 Malaysia | 25.89 | 2023 | -0.7% | -0.0081% | View data |
| 3 | 3 Netherlands | 3.55 | 2023 | -0.42% | +0.83% | View data |
| 4 | 4 Germany | 1.46 | 2023 | +2.3% | +3.32% | View data |
| 5 | 5 Italy | 0.64 | 2023 | +3.81% | +3.56% | View data |
| 6 | 6 Ivory Coast | 0.58 | 2023 | +1.85% | +1.17% | View data |
| 7 | 7 Denmark | 0.52 | 2023 | +3.75% | +2.62% | View data |
| 8 | 8 United States | 0.41 | 2023 | +2.59% | +3.22% | View data |
| 9 | 9 United Arab Emirates | 0.39 | 2023 | +3.77% | +1.94% | View data |
| 10 | 10 Estonia | 0.35 | 2023 | +6.67% | +2.3% | View data |
