In 2023, Malaysia dominated the global palm kernel oil processing market with 211.0 thousand metric tons, representing a significant 6.64% year-on-year growth. Japan processed 81.0 thousand metric tons, maintaining its production levels without variation. Belgium's processing increased marginally by 1.18%, reaching 35.0 thousand metric tons. Ecuador and Ireland both saw no change in their production levels at 18.0 and 2.0 thousand metric tons, respectively. The United States increased its processing by 2.53% to 17.0 thousand metric tons, while France grew by 5.92% to 8.0 thousand metric tons. Poland, the UK, New Zealand, and Portugal all showed minimal or no variations in their processing volumes.
For future trends, the continual growth in Malaysia's production stands out, driven by strong demand and potential infrastructural advancements. Japan's steady output suggests market stability, while incremental increases in Belgium and the United States indicate gradual market expansion. Emerging markets such as France might experience more dynamic growth, possibly due to strategic investments and evolving demand. Monitoring technological advancements, regulatory changes, and environmental sustainability trends will be crucial in predicting future shifts in the global palm kernel oil processing landscape.
Top countries in Palm Kernel Oil Processing by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 211 | 2023 | +5.5% | +6.64% | View data |
| 2 | 2 Japan | 81 | 2023 | -1.22% | 0% | View data |
| 3 | 3 Belgium | 35 | 2023 | 0% | +1.18% | View data |
| 4 | 4 Ecuador | 18 | 2023 | 0% | 0% | View data |
| 5 | 5 United States | 17 | 2023 | 0% | +2.53% | View data |
| 6 | 6 France | 8 | 2023 | 0% | +5.92% | View data |
| 7 | 7 Poland | 7 | 2023 | 0% | -2.64% | View data |
| 8 | 8 United Kingdom of Great Britain and Northern Ireland | 7 | 2023 | |||
| 9 | 9 Ireland | 2 | 2023 | 0% | 0% | View data |
| 10 | 10 New Zealand | 1 | 2023 | 0% | 0% | View data |