In 2023, Germany led global imports of crude palm kernel or babassu oil, with a share of 27.68% in US Dollars. The Netherlands followed with 22.46%, and Malaysia with 14.04%. India and Spain also maintained significant shares. Notable annual shifts include Ecuador's remarkable rise by 163.17%, partially due to expanding biodiesel production. Conversely, key importers like China, with a drop of 16.34%, and Mexico, falling by 17.01%, faced declines, reflecting changing national demands and regulatory conditions.
Looking forward, trends to monitor include tightening environmental regulations influencing oil demand patterns, technological advancements in alternative oils, and trade policy shifts impacting export-import dynamics globally.
Top countries in Import of Crude Palm Kernel or Babassu Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.68 | 2023 | +1.69% | +2.58% | View data |
| 2 | 2 Netherlands | 22.46 | 2023 | +3.45% | +4.43% | View data |
| 3 | 3 Malaysia | 14.04 | 2023 | -1.76% | -1.17% | View data |
| 4 | 4 India | 8.96 | 2023 | -1.42% | -1.96% | View data |
| 5 | 5 Spain | 4.68 | 2023 | +3.07% | +5.62% | View data |
| 6 | 6 Italy | 3.77 | 2023 | +2.78% | +3.13% | View data |
| 7 | 7 China | 3.47 | 2023 | -16.73% | -16.34% | View data |
| 8 | 8 Colombia | 1.44 | 2023 | +5.53% | +6.12% | View data |
| 9 | 9 France | 1.42 | 2023 | +2.26% | +4.13% | View data |
| 10 | 10 United Kingdom | 1.42 | 2023 | -4.69% | -3.91% | View data |
