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Palm oil: global production volume 2012/13-2020/21

The global production of palm oil was around 72.27 million metric tons in the marketing year 2020/21, increasing from approximately 73.23 million metric tons in 2019/2020. In that period, Indonesia and Malaysia were the leading exporters of palm oil worldwide.

Leading palm oil producers

Palm oil grows mainly in Asia, Africa and Latin America. Indonesia and Malaysia are the main palm oil producers, followed by Thailand, Colombia, and Nigeria. Unsurprisingly, Indonesia and Malaysia have the largest certified area planted with palm trees. In 2017, the Roundtable on Sustainable Palm Oil (RSPO) certified area planted with palm trees in Indonesia reached 1.7 million hectares, up from 1.54 million hectares in 2016.

Global market

Import volume of palm oil has increased worldwide over the past few years. According to the World Bank, in 2017, the average price for palm oil stood at 649 nominal U.S. dollars per metric ton. It is expected to rise to about 744 nominal U.S. dollars per metric ton by 2025.

Production volume of palm oil worldwide from 2012/13 to 2020/21

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Sources

Release date

January 2021

Region

Worldwide

Survey time period

2012/13 to 2020/21

Supplementary notes

The data is based on Marketing Years (MY). Most countries are on an October/September Marketing Year (MY).

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Statistics on "Palm oil industry worldwide"

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