What this market covers
Palm kernel and babassu oils and their fractions, refined or not, without chemical modification.
Typical segments
- Refined palm kernel oil
- Palm kernel olein
- Palm kernel stearin
- Babassu oil
Why this market is moving now
- World trade grew 77% from 2019 to 2024, a direct read on cross-border demand.
- Spain is gaining ground: its exports rose 473% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of palm kernel oil (HS 151329) were worth $2.71 billion in 2024. | 2.71 USD billion | 2024 | |
| World exports were 77% higher in 2024 than in 2019 ($1.53 billion), calculated from the annual totals. | +77 % since 2019 | 2024 | |
| Indonesia was the largest exporter in 2024, with 65% of world exports ($1.76 billion). | 65 % of world exports | 2024 | |
| The three largest exporters, Indonesia, Malaysia and the Netherlands, shipped 92% of world exports in 2024. | 92 % of world exports | 2024 | |
| China was the largest importer in 2024, buying $699.1 million, or 26% of world imports. | 26 % of world imports | 2024 | |
| 24 countries exported more than $1 million of this product in 2024. | 24 countries | 2024 | |
| The average world export price was about $1.30 per kilogram in 2024, calculated from value and weight. | 1.30 USD per kg | 2024 | |
| Countries exported 2.08 million tonnes of this product in 2024. | 2.08 million tonnes | 2024 | |
| Among the ten largest exporters, Spain grew fastest, with exports up 473% from 2019 to 2024. | +473 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Soap and detergent makers
- Cosmetics makers
- Food processors
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global palm kernel oil market?
There is no single official market total. World exports of HS 151329 reached $2.71 billion in 2024, a direct measure of cross-border trade.
Which countries export the most palm kernel oil?
Indonesia led world exports in 2024 with 65% of the total, followed by Malaysia, the Netherlands and Belgium.
Which countries import the most palm kernel oil?
China was the largest importer in 2024, followed by the United States, Brazil and the Netherlands.
Is world trade in palm kernel oil growing?
World exports were 77% higher in 2024 than in 2019.
What is the average export price of palm kernel oil?
Dividing world export value by weight gives about $1.30 per kilogram in 2024.
Free sample
Get a free sample of this report
We send the table of contents, two sample chapters and the method note, usually within one working day. It is free to ask.
- Full table of contents
- Two sample chapters
- Method note and data outline