The global palm oil import landscape has seen significant variation across different countries. India, the leading importer, marginally decreased its imports by 0.86% compared to the previous year. China remained constant with no variation. Notable increases were observed in Pakistan (2.03%), the United States (4.48%), Bangladesh (1.62%), and Philippines (3.09%). Contrarily, major declines were seen in Russia (-7.34%), Myanmar (-2.06%), and Japan (-3.63%), indicating a shift in their import dynamics. Smaller markets like Brazil experienced remarkable growth at 19.6%, while countries like Ukraine (-17.86%) and Ethiopia (-24.21%) saw substantial reductions.
Future trends to watch include:
- Elevated growth trajectories in emerging markets such as Cameroon (22.05%), Guatemala (13.75%), and Iraq (11.41%).
- Stable or slightly increasing imports in key markets like the United States and the UAE.
- Potential declines in traditional markets might persist, notably Japan and Russia.
- Environmental and regulatory policies may significantly impact global palm oil trade dynamics.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 19.15 | 2023 | -6.53% | -0.86% | View data |
| 2 | 2 China | 13.18 | 2023 | -28.57% | 0% | View data |
| 3 | 3 Pakistan | 7.93 | 2023 | +4.05% | +2.03% | View data |
| 4 | 4 United States | 3.91 | 2023 | +0.69% | +4.48% | View data |
| 5 | 5 Bangladesh | 3.5 | 2023 | +5.59% | +1.62% | View data |
| 6 | 6 Malaysia | 2.88 | 2023 | +49.73% | +5.82% | View data |
| 7 | 7 Philippines | 2.52 | 2023 | +16.67% | +3.09% | View data |
| 8 | 8 Egypt | 2.47 | 2023 | +4.35% | +3.41% | View data |
| 9 | 9 Vietnam | 2.16 | 2023 | +5% | +3.83% | View data |
| 10 | 10 Kenya | 2.16 | 2023 | +5% | +2.79% | View data |
