Indonesia leads global palm oil consumption with 20.35 million metric tons, showing an 8.58% increase. India follows with 9.75 million metric tons, up 1.42%. China, with a decrease of 1.66%, consumes 6.3 million metric tons. Malaysia and Pakistan consume 3.97 million and 3.7 million metric tons, reflecting 2.42% and 1.71% growth, respectively. The United States and Nigeria saw notable increases of 4.79% and 4.95%.
Future trends to monitor include shifts from major consumers like India and China due to health and environmental concerns. As sustainability becomes a priority, nations may seek alternative oils, affecting demand.
Top countries in Palm Oil Domestic Consumption by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 20,350 | 2023 | +6.6% | +8.58% | View data |
| 2 | 2 India | 9,750 | 2023 | +9.55% | +1.42% | View data |
| 3 | 3 China | 6,300 | 2023 | +12.5% | -1.66% | View data |
| 4 | 4 Malaysia | 3,970 | 2023 | -0.025% | +2.42% | View data |
| 5 | 5 Pakistan | 3,700 | 2023 | +2.78% | +1.71% | View data |
| 6 | 6 Thailand | 2,780 | 2023 | +3.35% | +2.07% | View data |
| 7 | 7 United States | 1,890 | 2023 | +0.8% | +4.79% | View data |
| 8 | 8 Nigeria | 1,870 | 2023 | +4.19% | +4.95% | View data |
| 9 | 9 Bangladesh | 1,550 | 2023 | -3.12% | +0.67% | View data |
| 10 | 10 Colombia | 1,550 | 2023 | +5.46% | +6.55% | View data |
