Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Palm oil industry worldwide - Statistics & Facts

Palm oil is a vegetable oil obtained from oil palms and is used in many consumer goods, from processed food to biofuel. In recent years, worldwide production of palm oil has increased in volume to meet demand. Indonesia is the leading producer of palm oil, with a recorded 43.5 million thousand metric tons of palm oil produced in 2020/2021. Malaysia, which produces the second-largest amount of palm oil, is headquarters to the majority of the leading palm oil companies.

International trade

As might be expected from the largest production sources, Indonesia and Malaysia are also the largest exporters of palm oil worldwide, shipping out a total of over 28.8 million and 17 million metric tons respectively in 2020/2021. India imports the most palm oil of any country, with an import value of about 5.5 billion U.S. dollars for 2020. That year, over one billion U.S. dollars value of palm oil was imported into the United States. As of October 2020, palm oil stocks stood at around 376 million pounds in the United States.

Consumer market

Since 2016, the consumption of palm oil within the European Union has increased. However, environmental concerns about palm oil cultivation include deforestation and air pollution, has led a significant number of consumers to seek alternatives. Indonesia increased efforts to have certified sustainable hectares of palm oil plantations, where plantations follow specific social and environmental standards. However, with just under two million hectares certified, the rest of the 14.6 million hectares of the country's oil palm plantations are not certified sustainable. In Latin America, just over 340 thousand hectares planted with oil palm trees have a sustainability certification.

Key figures

The most important key figures provide you with a compact summary of the topic of "Global palm oil industry" and take you straight to the corresponding statistics.

Trade

Consumption

Interesting statistics

In the following 4 chapters, you will quickly find the 29 most important statistics relating to "Global palm oil industry".

Palm oil industry worldwide

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Palm oil industry worldwide - Statistics & Facts

Palm oil is a vegetable oil obtained from oil palms and is used in many consumer goods, from processed food to biofuel. In recent years, worldwide production of palm oil has increased in volume to meet demand. Indonesia is the leading producer of palm oil, with a recorded 43.5 million thousand metric tons of palm oil produced in 2020/2021. Malaysia, which produces the second-largest amount of palm oil, is headquarters to the majority of the leading palm oil companies.

International trade

As might be expected from the largest production sources, Indonesia and Malaysia are also the largest exporters of palm oil worldwide, shipping out a total of over 28.8 million and 17 million metric tons respectively in 2020/2021. India imports the most palm oil of any country, with an import value of about 5.5 billion U.S. dollars for 2020. That year, over one billion U.S. dollars value of palm oil was imported into the United States. As of October 2020, palm oil stocks stood at around 376 million pounds in the United States.

Consumer market

Since 2016, the consumption of palm oil within the European Union has increased. However, environmental concerns about palm oil cultivation include deforestation and air pollution, has led a significant number of consumers to seek alternatives. Indonesia increased efforts to have certified sustainable hectares of palm oil plantations, where plantations follow specific social and environmental standards. However, with just under two million hectares certified, the rest of the 14.6 million hectares of the country's oil palm plantations are not certified sustainable. In Latin America, just over 340 thousand hectares planted with oil palm trees have a sustainability certification.

Interesting statistics

In the following 4 chapters, you will quickly find the 29 most important statistics relating to "Global palm oil industry".

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Hadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Catalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)