Which Country Produces the Most Palm Oil in the World?
Vegetable And Animal Oils And Fats November 20, 2017
In 2015, the countries with the highest levels of palm oil production were Indonesia (61,318 thousand tonnes), Malaysia (40,210 thousand tonnes), Thailand (3,884 thousand tonnes), together accounting for 89% of total output.
From 2007 to 2015, the most notable growth rates of palm oil production among the main producing countries was attained by Thailand (+8.0% per year), while the other global leaders experienced more modest paces of growth.
Top 10 Palm Oil Producing Countries in the World
1. Indonesia (61,318K Tonnes)
2. Malaysia (40,210K Tonnes)
3. Thailand (3,884K Tonnes)
4. Colombia (2,355K Tonnes)
5. Nigeria (1,760K Tonnes)
6. Guatemala (1,049K Tonnes)
7. Papua New Guinea (1,017K Tonnes)
8. Honduras (979K Tonnes)
9. Brazil (800K Tonnes)
10. Côte D'Ivoire (706K Tonnes)
Global Palm Oil Production
Global palm oil production amounted to 118,952 thousand tonnes in 2015, rising by +3.7% against the previous year level. Overall, the global palm 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 +5.2%. The growth pace was the most rapid in 2011, when the output figure increased by +8% from the previous year level. Over the period under review, the global palm 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 oil production was primarily driven by disposable income growth, population growth, and growth of medical care and personal care products. Furthermore, these key drivers are expected to continue promoting the palm oil output in the immediate term.
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- key palm oil producers
Source: World: Palm Oil - Market Report. Analysis And Forecast
