Global Palm Oil Domestic Consumption Share by Country (Thousand Metric Tons)

In 2023, Indonesia led global palm oil domestic consumption, showing an 8.58% increase, while India and China followed with 1.42% and a -1.66% variation, respectively. Malaysia saw a 2.42% rise, with the United States and Nigeria experiencing considerable growth at 4.79% and 4.95% respectively. Notable increases also occurred in Colombia (6.55%) and Brazil (6.12%), whereas Russia and Myanmar saw declines of -2.95% and -2.47% respectively.

Key trends to watch for in global palm oil consumption include Indonesia's continued dominance and growth, the potential recovery or further decline in China's usage, and monitoring the United States and Nigeria for sustained increases. Additionally, new entrants with significant growth percentages such as Iraq and Afghanistan could impact the global market dynamics in the coming years.

Top countries in Palm Oil Domestic Consumption Share by Country (Thousand Metric Tons)

# 10 Countries Percent Last Year YoY 5-years CAGR
1 1 Indonesia 26 2023 +6.6% +8.58% View data
2 2 India 12.45 2023 +9.55% +1.42% View data
3 3 China 8.05 2023 +12.5% -1.66% View data
4 4 Malaysia 5.07 2023 -0.025% +2.42% View data
5 5 Pakistan 4.72 2023 +2.78% +1.71% View data
6 6 Thailand 3.54 2023 +3.35% +2.07% View data
7 7 United States 2.41 2023 +0.8% +4.79% View data
8 8 Nigeria 2.38 2023 +4.19% +4.95% View data
9 9 Bangladesh 1.98 2023 -3.12% +0.67% View data
10 10 Colombia 1.97 2023 +5.46% +6.55% View data

Top Countries about Palm Oil