Global Palm Kernel Oil Domestic Industrial Consumption Share by Country (Thousand Metric Tons)

In 2023, Indonesia led the global palm kernel oil domestic industrial consumption with 47.36 thousand metric tons, experiencing a 5.22% year-on-year increase. Malaysia followed with 16.86 thousand metric tons, though it saw a decline of 3.89%. China consumed 11.01 thousand metric tons, decreasing by 3.37%. Brazil and Mexico showed positive growth, with Brazil at 5.01 thousand metric tons (up 5.57%) and Mexico at 1.91 thousand metric tons (up 10.47%). Notable growth was also observed in Russia (9.34%) and Costa Rica (31.95%). Countries like the United States, India, Cameroon, Nigeria, Colombia, and South Africa maintained stable consumption rates with no changes noted.

Future trends to watch for include Indonesia's and Brazil's projected continuance in consumption growth due to expanding industrial applications. Mexico's upward trajectory might signal broader regional increases in Latin America. Meanwhile, declines in countries such as Malaysia, China, and Iran suggest potential shifts in industrial practices or regulatory impacts. Monitoring economic policies, trade agreements, and sustainable practices will be crucial for predicting further changes in palm kernel oil consumption.