Palm Kernel Oil Market

Palm kernel oil market: find newly released facts and figures enhanced by an Ai-driven BI platform. Info contain imports, production, companies, market size, market prices, consumption, exports, and trade. Here is a split by region, including China, Africa, the Middle East, the U.K., Latin America, EU, the U.S., and Russia. Market trends and outlook to 2030 are also featured in the dashboards.


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Palm Kernel Oil - World's Largest Markets

RatingCountry
1Indonesia
2Malaysia
3China
4United States
5Germany

In value terms, Indonesia, Malaysia and China were the countries with the highest levels of market value in 2020, together accounting for 65% of the global market.

Indonesia recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while palm kernel oil market for the other global leaders experienced more modest paces of growth.

Palm Kernel Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Thailand961675667-16.7%
Colombia1053735769-14.5%
Indonesia960655782-9.7%
Malaysia1112770819-14.2%
Papua New Guinea1182788834-16.0%
Average1023710808-11.1%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Papua New Guinea ($834 per tonne) and Malaysia ($819 per tonne), while Thailand ($667 per tonne) and Colombia ($769 per tonne) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Italy1282912932-14.7%
Russia1248894920-14.1%
Japan1174842876-13.6%
Spain1185860861-14.8%
Netherlands1123818848-13.1%
Germany1176764846-15.2%
Brazil1083744843-11.8%
Turkey1255818830-18.7%
United States1144866828-14.9%
India1005680827-9.3%
Malaysia906631821-4.8%
China1018696674-18.6%
Average1082774821-12.9%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Italy ($932 per tonne) and Russia ($920 per tonne), while China ($674 per tonne) and Malaysia ($821 per tonne) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced a decline in the import price figures.

Palm Kernel Oil - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.80.60.6-13.2%
United States0.40.30.3-11.2%
Germany0.40.20.3-16.4%
Malaysia0.30.20.2-9.1%
Netherlands0.30.20.2-13.4%

In value terms, the largest palm kernel oil importing markets worldwide were China ($570M), the United States ($319M) and Germany ($303M), together comprising 44% of global imports. Malaysia, the Netherlands, Brazil, India, Russia, Japan, Turkey, Italy and Spain lagged somewhat behind, together comprising a further 37%.

Russia saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Palm Kernel Oil - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Indonesia1.71.31.3-11.5%
Malaysia0.80.60.7-5.9%
Papua New Guinea0.070.050.06-12.5%
Colombia0.090.070.05-20.5%
Thailand0.080.040.04-24.3%

In value terms, the largest palm kernel oil supplying countries worldwide were Indonesia ($1.3B), Malaysia ($708M) and Papua New Guinea ($57M), together comprising 86% of global exports.

In terms of the main exporting countries, Malaysia recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Palm Kernel Oil - Market Forecast

Driven by rising demand for palm kernel oil worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Palm Kernel Oil - Top Companies

UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., VICENTIN S.A.I.C., Tibet Linzhi Medog County Baimagang Grain & Oil Processing Sales Co., Ltd., Cocamar - Cooperativa Agroindustrial, Bianchini S/A. Indústria, Comércio e Agricultura, Dongguan Fuzhiyuan Feedstuff Protein Development Co., Ltd., Jiu San Group Tianjin Soya Science And Technology Co., Ltd., THAI VEGETABLE OIL PUBLIC COMPANY LIMITED, Syngenta Seeds, LLC, Solae, LLC, TTET UNION CORPORATION, Bunge Sanwei Grease Co., Ltd., ABC Indústria e Comércio S/A - ABC Inco, GUJARAT AMBUJA EXPORTS LIMITED, Zhongfang Foodgrain & Cooking Oil (Dongguan) Co., Ltd., COOPERATIVA COLONIAS UNIDAS AGROPECUARIA INDUSTRIAL LIMITADA, Gushen Biological Technology Group Co., Ltd.

Palm Kernel Oil - Product Coverage

  • HS 151321 - Vegetable oils; palm kernel or babassu oil and their fractions, crude, not chemically modified
  • HS 151329 - Vegetable oils; palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modified
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World - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global palm kernel oil market.

Africa - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Africa.

Australia and Oceania - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Australia and Oceania.

Southern Asia - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Southern Asia.

Northern America - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Northern America.

Eastern Asia - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Eastern Asia.

Latin America and the Caribbean - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Latin America and the Caribbean.

South-Eastern Asia - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in South-Eastern Asia.

Middle East - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in the Middle East.

Central Asia - Palm Kernel and Babassu Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the palm kernel oil market in Central Asia.

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