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World - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 25, 2023

The Top Import Markets for Palm Oil Worldwide

Palm oil is one of the most widely used vegetable oils in the world, with a wide range of applications in food, cosmetics, and biofuels industries. It is derived from the fruit of the oil palm tree and is known for its high yield and versatility. As a result, palm oil has become an essential commodity in global trade, with several countries dominating the import market.

According to the latest data from the IndexBox platform, the top five import markets for palm oil in terms of value in 2022 were India, China, Pakistan, the United States, and the Netherlands.

1. India

India is the largest importer of palm oil globally, with a total import value of $11.97 billion in 2022. The country's high demand for palm oil can be attributed to its large population and extensive use in cooking, as well as its application in the food processing industry. Palm oil is a cost-effective alternative to other edible oils, making it a preferred choice for Indian consumers. Additionally, India's growing economy and rising disposable income have further fueled the demand for palm oil in the country.

2. China

China ranks second in terms of palm oil imports, with a total import value of $5.14 billion in 2022. The country's robust food processing industry, along with its growing population and changing dietary patterns, has contributed to the increased demand for palm oil. China's rapid urbanization and rising middle-class population have also led to a higher consumption of processed foods, which rely heavily on palm oil as an ingredient. Furthermore, palm oil is used in various non-food industries, including cosmetics and biodiesel production, further driving its import demand in China.

3. Pakistan

Pakistan is the third-largest importer of palm oil, with a total import value of $3.8 billion in 2022. The country's tropical climate limits the cultivation of oilseeds, making it heavily reliant on palm oil imports to meet its domestic demand. Palm oil is widely used in Pakistan for cooking purposes and is a staple ingredient in many traditional dishes. Additionally, the growing population and increasing urbanization have contributed to the rising demand for palm oil in the country.

4. United States

The United States is the fourth-largest importer of palm oil, with a total import value of $2.37 billion in 2022. While the US is a major producer of soybean oil and other vegetable oils, it still relies on palm oil imports to meet its growing demand. Palm oil is used in a wide range of food products in the US, including processed foods, snacks, and bakery items. Moreover, the use of palm oil in biofuels and the cosmetics industry has also contributed to its import demand in the country.

5. Netherlands

The Netherlands completes the list of the top five import markets for palm oil, with a total import value of $2.3 billion in 2022. As a major hub for international trade, the Netherlands serves as a gateway for palm oil distribution to other European countries. The country's strong food processing industry and its role as a key player in the global supply chain have contributed to its significant import demand for palm oil.

These top five import markets for palm oil collectively account for a significant share of the global palm oil trade. The demand for palm oil in these countries is driven by various factors, including population size, dietary preferences, industrial applications, and economic growth.

As the world's leading market research provider, IndexBox offers comprehensive insights into the global palm oil market. Their recent market report provides detailed information on the import volumes, values, and trends for palm oil in various countries. The report also includes analyses of key players, market dynamics, and future prospects for the palm oil industry.

In conclusion, the import market for palm oil is dominated by countries such as India, China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global palm oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 257 - Oil of palm

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

AAK AB, Bunge Limited, Cargill, Golden Agri-Resources (GAR) / Sinar Mas, Korindo Group, Musim Mas, New Britain Palm Oil, Permata Hijau Group, POSCO International, Sime Darby, Julong Group, Unilever, Wilmar International, Yihai Kerry (YKA), COFCO, Adani Wilmar, Emami Agrotech, Ruchi Soya Industries, Gokul Agro Resources, Kuala Lumpur Kepong

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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