Which Country Produces the Most Palm Kernel and Babassu Oil in the World?

Vegetable And Animal Oils And Fats November 20, 2017
Author: Sergey Avramenko
Head of Global Markets Research Team

Global areca nut market

In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (3,516 thousand tonnes), Malaysia (2,350 thousand tonnes), Thailand (177 thousand tonnes), together accounting for 87% of total output.

From 2007 to 2015, the most notable growth rates of palm kernel oil production among the main producing countries was attained by Indonesia (+8.6% per year), while the other global leaders experienced more modest paces of growth.

Top 10 Palm Kernel Oil Producing Countries in the World

1. Indonesia (3,516K Tonnes)
2. Malaysia (2,350K Tonnes)
3. Thailand (177K Tonnes)
4. Brazil (133K Tonnes)
5. Nigeria (116K Tonnes)
6. Colombia (96K Tonnes)
7. Papua New Guinea (66K Tonnes)
8. Honduras (49K Tonnes)
9. Guatemala (47K Tonnes)
10. Ghana (41K Tonnes)

Global Palm Kernel And Babassu Oil Production

Global palm kernel oil production amounted to 6,917 thousand tonnes in 2015, rising by +4.8% against the previous year level. Overall, the global palm kernel oil output pursued a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2008, when the output figure increased by +9% from the previous year level. Over the period under review, the global palm kernel oil production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Over the analyzed period, an increase in global palm kernel oil production was primarily driven by disposable income growth and population growth. Furthermore, these key drivers are expected to continue promoting the palm kernel oil output in the immediate term.

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Source: World: Palm Kernel And Babassu Oil - Market Report. Analysis And Forecast