The global export of palm kernel and babassu oil, fractions simply refined, saw Indonesia and Malaysia as the frontrunners in 2023, with exports valued at 1.8994 billion and 0.33239 billion USD respectively. Over the past year, Indonesia showed a robust growth of 6.78%, and Malaysia experienced a modest increase of 0.46%. Key export destinations like the Netherlands, Germany, and Colombia also reported positive growth, while the United States saw a 3.7% rise. Notably, Brazil's exports surged by 14.96%, and Switzerland recorded significant growth, albeit starting from a low base.
Future trends to watch include:
- Continued expansion in emerging markets such as Colombia and Ecuador.
- The potential impact of environmental regulations on global supply chains.
- Technological advancements in agricultural practices possibly boosting production efficiency.
- Shifts in consumer demand towards sustainable and ethically sourced products.
With the ongoing global emphasis on sustainability, major exporters might need to adapt their strategies to align with environmental concerns and trade policies.
Top countries in Export of Palm Kernel and Babassu Oil, Fractions Simply Refined by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,899,400,000 | 2023 | +4% | +6.78% | View data |
| 2 | 2 Malaysia | 332,390,000 | 2023 | -2.21% | +0.46% | View data |
| 3 | 3 Netherlands | 85,353,000 | 2023 | +2.64% | +4.71% | View data |
| 4 | 4 Thailand | 48,099,000 | 2023 | +2.57% | -0.19% | View data |
| 5 | 5 Germany | 29,111,000 | 2023 | +4.77% | +4.67% | View data |
| 6 | 6 Colombia | 28,406,000 | 2023 | +4.86% | +5.19% | View data |
| 7 | 7 United States | 26,726,000 | 2023 | +3.72% | +3.7% | View data |
| 8 | 8 Spain | 10,976,000 | 2023 | +4.32% | +7.75% | View data |
| 9 | 9 Ecuador | 7,515,500 | 2023 | +2.17% | +5.81% | View data |
| 10 | 10 Costa Rica | 7,385,600 | 2023 | +3.82% | +5.96% | View data |
