Indonesia dominates the global vegetable oils export market with a share of 33.86%, followed by Malaysia at 15.51%. Ukraine, the Netherlands, and Argentina also have significant shares at 6.16%, 5.72%, and 5.12%, respectively. Notable year-on-year volume variations include a substantial increase in Guatemala (3.06%) and Colombia (3.04%). Conversely, countries like Poland and Slovakia saw significant declines at -23.93% and -14.64%. Over the last five years, trends indicate consistent growth in exports from high performers like Indonesia (1.02%) and the Netherlands (2.32%).
Future trends to watch include the impact of geopolitical events on export levels, particularly for Ukraine and Russia, as well as emerging players like Kenya and Costa Rica, which have shown significant growth potential. Sustainability and shifts towards alternative oils could also influence future export patterns.
Top countries in Vegetable Oils Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 33.86 | 2023 | +1.31% | +1.02% | View data |
| 2 | 2 Malaysia | 15.51 | 2023 | -0.64% | -1.05% | View data |
| 3 | 3 Ukraine | 6.16 | 2023 | +1.76% | +1.74% | View data |
| 4 | 4 Netherlands | 5.72 | 2023 | +1.9% | +2.32% | View data |
| 5 | 5 Argentina | 5.12 | 2023 | +0.17% | +1.99% | View data |
| 6 | 6 Canada | 3.68 | 2023 | +1.85% | +1.66% | View data |
| 7 | 7 Russia | 3.5 | 2023 | +1.98% | +1.79% | View data |
| 8 | 8 United States | 2.26 | 2023 | +0.17% | +0.53% | View data |
| 9 | 9 Germany | 2.08 | 2023 | -0.32% | +0.54% | View data |
| 10 | 10 Spain | 1.93 | 2023 | +0.098% | -0.29% | View data |