The global palm kernel oil production is heavily dominated by Indonesia and Malaysia, together accounting for over 85% of production. While Indonesia saw a slight increase of 0.93% in 2023, Malaysia experienced a small decrease of 0.14%. Notably, countries like Guatemala and Honduras exhibited significant growth rates exceeding 2%. The five-year CAGR for leading producers like Indonesia and Malaysia suggests steady maintenance of high output, whereas emerging producers like Guatemala display rapid growth.
Future trends to watch include a potential increase in diversification of production sources with countries like Guatemala, Honduras, and Colombia showing growth momentum. Sustainability and environmental considerations are expected to play a significant role in shaping production dynamics moving forward.
Top countries in Palm Kernel Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 56.66 | 2023 | +1.52% | +0.93% | View data |
| 2 | 2 Malaysia | 28.96 | 2023 | +0.13% | -0.14% | View data |
| 3 | 3 Thailand | 3.44 | 2023 | +1.88% | +1.38% | View data |
| 4 | 4 Colombia | 1.89 | 2023 | +2.76% | +2.14% | View data |
| 5 | 5 Nigeria | 1.65 | 2023 | +0.78% | +0.63% | View data |
| 6 | 6 Guatemala | 1.13 | 2023 | +2.3% | +2.67% | View data |
| 7 | 7 Honduras | 1.05 | 2023 | +2.47% | +2.32% | View data |
| 8 | 8 Papua New Guinea | 0.86 | 2023 | +1.49% | +0.91% | View data |
| 9 | 9 Ghana | 0.7 | 2023 | 0% | 0% | View data |
| 10 | 10 Ecuador | 0.62 | 2023 | 0% | +0.84% | View data |
