In 2024, Germany led the global import share of crude palm kernel or babassu oil with a value share of 26.06%, followed closely by the Netherlands at 22.7% and Malaysia at 16.35%. India, Spain, and China were other significant importers, though China experienced a sharp decrease in year-on-year variation at -17.58%. European countries dominated the import landscape, showcasing resilience with positive growth in Germany and the Netherlands over the previous year. Conversely, markets like Mexico and Poland saw significant declines.
Future trends to watch include the potential recovery in Asian markets like China and emerging markets boosting their import shares. Additionally, environmental regulations and sustainability demands may influence sourcing patterns and import volumes for crude palm kernel and babassu oil globally.
Top countries in Import of Crude Palm Kernel or Babassu Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.06 | 2023 | +0.62% | +0.58% | View data |
| 2 | 2 Netherlands | 22.7 | 2023 | +2.97% | +2.75% | View data |
| 3 | 3 Malaysia | 16.35 | 2023 | -1.64% | -2.95% | View data |
| 4 | 4 India | 9.51 | 2023 | -2.35% | -3.99% | View data |
| 5 | 5 Spain | 4.32 | 2023 | +2.01% | +2.93% | View data |
| 6 | 6 China | 3.92 | 2023 | -17.44% | -17.58% | View data |
| 7 | 7 Italy | 3.71 | 2023 | +2.02% | +1.47% | View data |
| 8 | 8 Colombia | 1.77 | 2023 | +5.71% | +4.36% | View data |
| 9 | 9 France | 1.55 | 2023 | +2.78% | +7.19% | View data |
| 10 | 10 Costa Rica | 1.29 | 2023 | +5.89% | +5.01% | View data |
