The global export of palm oil is predominantly led by Indonesia, with a significant margin, followed by Malaysia. Over the past few years, Indonesia has shown a growth rate of 4.1%, while Malaysia experienced a slight dip. The Netherlands, Germany, and Italy are notable European exporters with positive growth. African countries like Ivory Coast showed modest increases, whereas Benin displayed significant growth. Notably, there was substantial growth for countries like Botswana, exhibiting a 315.47% growth, albeit from a smaller base. Countries like Singapore and El Salvador faced substantial drops in exports. Overall, the market demonstrates diverse regional trends and incremental growth.
Future trends to watch include environmental pressures potentially leading to regulatory changes influencing exports. Biofuel demand remains a growth area, with shifts towards more sustainable practices possibly impacting trade dynamics. Additionally, geopolitical factors and trade agreements could shape the landscape of palm oil exports in the coming years.
Top countries in Export of Palm Oil or Fractions Simply Refined by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 15,830,000,000 | 2023 | +3.26% | +4.1% | View data |
| 2 | 2 Malaysia | 6,726,700,000 | 2023 | -0.7% | -0.0081% | View data |
| 3 | 3 Netherlands | 922,780,000 | 2023 | -0.42% | +0.83% | View data |
| 4 | 4 Germany | 378,550,000 | 2023 | +2.3% | +3.32% | View data |
| 5 | 5 Italy | 165,030,000 | 2023 | +3.81% | +3.56% | View data |
| 6 | 6 Ivory Coast | 150,100,000 | 2023 | +1.85% | +1.17% | View data |
| 7 | 7 Denmark | 135,860,000 | 2023 | +3.75% | +2.62% | View data |
| 8 | 8 United States | 105,600,000 | 2023 | +2.59% | +3.22% | View data |
| 9 | 9 United Arab Emirates | 101,610,000 | 2023 | +3.77% | +1.94% | View data |
| 10 | 10 Estonia | 91,711,000 | 2023 | +6.67% | +2.3% | View data |
