The global import of palm kernel and babassu oil, fractions simply refined has shown varying trends across different countries. In 2023, China led the imports with a significant increase of 6.47%, followed by the United States and Germany with 4.39% and 8.33% increases, respectively. Counter trends include declines in Japan's imports by 6.4%, Poland by 2.45%, and significant decreases in Ukraine by 18.97% and Lebanon by 34.56%, showcasing region-specific economic and market factors.
Future trends to watch include:
- The impact of geopolitical events and trade policies on major importing countries such as China and the United States.
- Technological advancements in refining processes that may influence import needs and efficiency.
- Environmental regulations affecting the sourcing and importation of palm kernel and babassu oil.
- Fluctuations in consumer demand for products derived from these oils, impacting import policies and strategies.
Top countries in Import of Palm Kernel and Babassu Oil, Fractions Simply Refined by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 890,910,000 | 2023 | +4.61% | +6.47% | View data |
| 2 | 2 United States | 500,930,000 | 2023 | +2.57% | +4.39% | View data |
| 3 | 3 Brazil | 249,840,000 | 2023 | +2.62% | +4.52% | View data |
| 4 | 4 Germany | 193,590,000 | 2023 | +2.96% | +8.33% | View data |
| 5 | 5 Philippines | 134,240,000 | 2023 | +4.79% | +5.53% | View data |
| 6 | 6 Malaysia | 121,580,000 | 2023 | +2.6% | +3.04% | View data |
| 7 | 7 Russia | 74,869,000 | 2023 | +2.31% | +3.88% | View data |
| 8 | 8 Japan | 66,943,000 | 2023 | -2.03% | -6.4% | View data |
| 9 | 9 Saudi Arabia | 53,877,000 | 2023 | +4.89% | +2.49% | View data |
| 10 | 10 Sweden | 51,445,000 | 2023 | +3.25% | +3.52% | View data |
