Global Palm Oil Market Reached 55.8M Tonnes in 2013

Organic Food May 22, 2017
Author: Sergey Avramenko
Head of Global Markets Research Team

palm oil market

Photo: © Photomagically / Bigstockphoto

According to market research conducted by IndexBox, the global production of palm oil was estimated at 55.8 million tonnes in 2013, which was 2.5 million tonnes more than in 2012. The compound annual growth rate (CAGR) in 2007-2013 was +8%.

The global palm oil market had total revenues of 36 billion USD in 2013, representing a compound annual growth rate (CAGR) of 7% between 2007 and 2013. In value terms, as a result of the 2008 economic crisis, global consumption fluctuated between 2008 and 2011. After a significant decrease in 2009, palm oil consumption recovered in 2010-2011, but dropped again in 2012.

The leading consuming markets were China, India, Indonesia and Pakistan which together accounted for approximately 45% of the world’s consumption. India is the leading producer of palm oil in the world.

Between 2007 and 2013, the world's imports of palm oil grew by 15% per year, amounting to 33.7 billion USD in 2013. In physical terms, it reached 41.8 million tonnes in 2013, which was 7 million tonnes more than the year earlier. In 2013, India and China were the main importers of palm oil in the world. Together they comprised 34.4% of the global imports and remained the fastest growing importers. During 2007-2013, an average annual growth rate of palm oil imports from these countries was 28% and 3%, respectively.

The value of total exports for palm oil in 2013 was 32.7 billion USD. There was an annual increase of 71.7% for the period 2007-2013. In 2013, Indonesia (47.3%), Malaysia (35.0%), Ghana (7.0%) and the Netherlands (3.3%) were the main exporters and producers of palm oil and together made up 92.6% of the global exports, in physical terms.

Do you want to know more about the global palm oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • palm oil market share
  • palm oil prices
  • palm oil industry
  • palm oil sales
  • palm oil market forecast
  • palm oil price forecast
  • key palm oil producers

Source: World: Palm Oil - Market Report. Analysis And Forecast To 2025