Global Palm Oil Supply Share by Country (Thousand Metric Tons)

In 2024, Indonesia remains the dominant player in global palm oil production with a supply share of 36.63 thousand metric tons, reflecting a year-on-year increase of 3.53%. Malaysia follows, although with a slight decline of 1.37% to 15.66 thousand metric tons. India's production shows a modest increase of 1.14% to 8.22 thousand metric tons, while China remains relatively stable with a slight increase of 0.26% to 5.09 thousand metric tons. The United States and Colombia present notable growth rates of 4.45% and 4.87%, respectively. Guatemala also reports a significant increase of 5.39%.

We observe declines in production from countries like Russia (-4.97%), Japan (-4.49%), and Ukraine (-18.28%), illustrating regional challenges. Other countries, such as Saudi Arabia (+9.93%) and Iraq (+10.96%), exhibit remarkable increases, which may reflect growing plantation areas or improved yield efficiencies.

Future trends to watch include Indonesia's continued dominance and Malaysia's efforts to stabilize its production. Emerging markets like Saudi Arabia and Iraq are gaining momentum, potentially shifting the production landscape. Environmental and sustainability concerns will increasingly influence operations and market dynamics, likely impacting future supply shares by country.