Which Country Consumes the Most Palm Oil in the World?

Vegetable And Animal Oils And Fats February 09, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global palm oil consumption amounted to 55,598 thousand tonnes in 2015, coming up by +7.9% against the previous year level. Overall, the global palm oil consumption indicated a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total consumption volume increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2008, when the output figure increased by +28% from the previous year level. Over the period under review, the global palm oil consumption reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Top Palm Oil Consuming Countries in the World

1. Indonesia (34858K Tonnes)

2. Malaysia (25952K Tonnes)

3. India (9536K Tonnes)

4. China (6382K Tonnes)

5. Thailand (3908K Tonnes)

Global Palm Oil Consumption

In 2015, the countries with the highest consumption were Indonesia (34,858 thousand tonnes), Malaysia (25,952 thousand tonnes), India (9,536 thousand tonnes), together comprising 59% of total consumption. They were followed by China with a 5% of global consumption share and Thailand with a 3% share.

From 2007 to 2015, the most notable growth rates of palm oil consumption among the main consuming countries was attained by India (+14.9% per year), while the other global leaders experienced more modest paces of growth.

The highest levels of palm oil per capita consumption was registered in Malaysia (855.61 kg/year), followed by Indonesia (135.34 kg/year), Thailand (57.51 kg/year), India (7.27 kg/year) and China (4.54 kg/year), while the average per capita consumption of palm oil was estimated at 13.54 kg/year in 2015.

In India, per capita palm oil consumption has grown noticably (+13.4% per year) in recent years. In 2015, India per capita consumption reached 855.61 kg/year as compared with 2.66 kg/year in 2007.

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  • palm oil market share
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  • palm oil sales
  • palm oil import
  • palm oil export
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  • key palm oil producers

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