Palm Oil rose to 3,925 MYR/T on June 9, 2025, up 0.20% from the previous day. Over the past month, Palm Oil's price has risen 2.88%, and is up 0.20% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on June of 2025.

This statistic depicts the average annual prices for palm oil from 2014 through 2026*. In 2023, the average price for palm oil stood at 886 nominal U.S. dollars per metric ton.

Graph and download economic data for Global price of Palm Oil (PPOILUSDM) from Jan 1990 to Apr 2025 about oil, World, food, and price.

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Palm Oil Market Size 2025-2029

The palm oil market size is forecast to increase by USD 54.4 billion at a CAGR of 9% between 2024 and 2029.

The market presents a dynamic and complex landscape for global investors and businesses. Key drivers include the increasing consumer awareness and preference for palm oil due to its health benefits, particularly in food and cosmetic industries. This trend is expected to continue, providing significant growth opportunities for market participants. However, challenges persist, with concerns over deforestation and the resulting losses in plant diversity threatening the industry's sustainability and reputation. To navigate these challenges, companies must adopt responsible sourcing practices and invest in sustainable production methods. The emergence of a new growth avenue for palm oil in the biodiesel sector further underscores the market's potential. As the demand for renewable energy sources continues to rise, the integration of palm oil into the biodiesel value chain offers a strategic opportunity for market players. Companies seeking to capitalize on these trends and mitigate risks should focus on innovation, transparency, and collaboration with stakeholders to ensure long-term success.

What will be the Size of the Palm Oil Market during the forecast period?

Request Free SampleThe market encompasses the production and trade of palm fruits and their derived oils, including crude palm oil, RBD palm oil, palm kernel oil, and unrefined palm oil. Palm oil is a widely used edible vegetable oil, prominent in various industries such as food, cosmetics, and biodiesel. Its versatility is evident in its application in diverse products, from instant noodles and confectionery to soaps and cosmetics. The market size is substantial, with continued growth driven by increasing demand for edible oils, particularly in developing countries. Palm oil's affordability and high energy value make it a preferred choice for industries and households alike. However, concerns over sustainability and environmental impacts, such as deforestation and the conversion of tropical forests, have led to a growing focus on sustainable and organic production. Palm oil competes with other edible oils like rapeseed oil, mineral oil, and unrefined palm oil. Health-conscious consumers are increasingly seeking alternatives to palm oil due to its association with heart disease. Despite these challenges, the market remains dynamic, with ongoing research and development efforts aimed at improving production methods and addressing sustainability concerns.

How is this Palm Oil Industry segmented?

The palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationEdible oilSurfactantsBio-dieselOthersTypeConventionalOrganicGeographyAPACChinaIndiaIndonesiaMalaysiaPakistanMiddle East and AfricaQatarUAEEuropeGermanyUKNorth AmericaSouth America

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.Palm oil is a widely used edible oil, predominantly sourced from the palm fruit and palm kernel. Palm fruit oil is primarily utilized for cooking and is a common ingredient in various food products, particularly in Asian markets. Compared to other hydrogenated oils, palm oil is considered healthier due to its lower trans fat content. The affordability of palm oil, as a vegetable oil, has also contributed to its expanding market share. With significant production volumes, palm oil plays a substantial role in the food processing sector. Its versatility extends beyond cooking, as it is also used in the production of instant noodles, oleochemicals, biodiesel fuel, and various consumer goods. The market encompasses both conventional and organic segments, with a growing emphasis on sustainable and eco-friendly production methods. The health benefits of palm oil, including its nutritional value and uses in personal care products, further underscore its importance in various industries.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Palm oil is a versatile vegetable oil derived from the fruits of the oil palm tree. The primary contributors to the expansion of the market in the APAC region are China, Australia, Thail

This statistic depicts the average monthly prices for palm oil worldwide from January 2014 through January 2025. In January 2025, the average monthly price for palm oil worldwide stood at 1,070.31 nominal U.S. dollars per metric ton.

Get the latest insights on price movement and trend analysis of RBD Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The global production of palm oil was around 76.26 million metric tons in the marketing year 2023/24, decreasing from approximately 76.63 million metric tons in 2022/23. 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 2021, the average price for palm oil stood at 1,131 nominal U.S. dollars per metric ton. It is expected to drop to about 1,054 nominal U.S. dollars per metric ton by 2024.

In Q1 2025, the palm oil market in North America experienced steady demand amidst constrained supply from local producers, which created upward price pressures. Market sentiment reflected cautious optimism due to potential export restrictions and regulatory shifts in key producing countries, which could lead to tighter availability. Furthermore, shifts in the production of competing vegetable oils and fluctuations in currency exchange rates influenced import costs, adding complexity to market dynamics.

For the third year in a row, the Ghanian palm oil market recorded decline in sales value, which decreased by -11.9% to $293M in 2024. Overall, consumption, however, posted a tangible increase. As a result, consumption attained the peak level of $548M. From 2022 to 2024, the growth of the market failed to regain momentum.

Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data was reported at 1,070.597 USD/Metric Ton in Feb 2025. This records an increase from the previous number of 1,039.440 USD/Metric Ton for Jan 2025. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data is updated monthly, averaging 678.477 USD/Metric Ton from Jan 2014 (Median) to Feb 2025, with 134 observations. The data reached an all-time high of 1,652.529 USD/Metric Ton in Mar 2022 and a record low of 435.238 USD/Metric Ton in Nov 2018. Indonesia International Indicators: International Commodity Price: Crude Palm Oil (CPO) data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI002: Financial System Statistics: Macroeconomic Indicator.

Nigeria Commodity Price: Palm Oil data was reported at 873.670 USD/Metric Ton in Jun 2024. This records an increase from the previous number of 859.150 USD/Metric Ton for May 2024. Nigeria Commodity Price: Palm Oil data is updated monthly, averaging 762.830 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 1,776.960 USD/Metric Ton in Mar 2022 and a record low of 483.490 USD/Metric Ton in Sep 2015. Nigeria Commodity Price: Palm Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

The global palm oil market was valued at USD 63.65 billion in 2021 and is expected to grow at a CAGR of 5.0% during the forecast period.

Based on price comparisons among large markets in Lagos, the price for five liters of local palm oil was on average 2.7 thousand Naira (almost seven U.S. dollars). The markets taken into consideration are Mushin, Daleko, Oyingbo, and Mile 12. The prices were provided by the Nigerian company Nairametrics. Overall, Nigeria is one of the leading producers of palm oil worldwide.

Get the latest insights on price movement and trend analysis of Palm Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

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Sustainable Palm Oil Market Size 2024-2028

The sustainable palm oil market size is forecast to increase by USD 2.75 billion at a CAGR of 5.24% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand for trans-fat-free products among end-users. This trend is pushing manufacturers to explore sustainable palm oil as a viable alternative, given its lower saturated fat content compared to traditional palm oil. Additionally, advancements in sustainable cultivation methods, such as the implementation of the Roundtable on Sustainable Palm Oil (RSPO) standards, are increasing the availability of certified sustainable palm oil. However, the market faces challenges, including the rising availability of substitutes for sustainable palm oil, such as soybean and sunflower oils.
These alternatives are gaining traction due to their own sustainability credentials and competitive pricing. Companies seeking to capitalize on the opportunities presented by the market must stay abreast of these trends and challenges, and effectively navigate the complex regulatory landscape to ensure the sourcing and production of sustainable palm oil.

What will be the Size of the Sustainable Palm Oil Market during the forecast period?

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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. This versatile vegetable oil is employed extensively across various sectors, including pet food, organic, cosmetics, and soap and detergent industries. Producers strive to meet the growing demand for red palm oil and fractional palm oil, while also addressing concerns over habitat destruction and deforestation. Cultivators implement ethical production methods, focusing on sustainable practices and small farmer collaborations. In the personal care sector, consumers seek out products labeled as sustainable, driving demand for white palm oil. The biofuel industry also relies heavily on palm oil, with biodiesel and bioethanol production contributing to the market's growth.
The energy sector's increasing focus on renewable sources further bolsters the demand for sustainable palm oil. Peatlands and wildlife habitats remain under threat from palm oil cultivation, necessitating ongoing efforts to minimize detrimental effects. The hospitality sector and food and beverage industries are also adopting sustainable production practices, with procurement policies prioritizing certified palm oil. The market's continuous unfolding is influenced by the evolving dynamics of the conventional palm oil industry, as well as the emergence of plant-based products and the environmental and social perspectives shaping consumer choices. Palm oil exports remain a significant factor, with exporters adapting to changing market demands and regulations.
The market's complexity is further highlighted by the interplay of various actors, including producers, exporters, and consumers, each contributing to the ongoing evolution of sustainable palm oil production and consumption. Margarine, ice cream, and confectionery products are among the processed goods that increasingly rely on sustainable palm oil, while the biofuels sector continues to grapple with the environmental implications of palm oil production. The market's continuous dynamism is driven by the interconnectedness of various sectors and the evolving consumer preferences and regulatory landscape. As the market continues to unfold, stakeholders must remain vigilant to the potential detrimental effects on habitats and wildlife, while also addressing the social and environmental challenges associated with palm oil production.

How is this Sustainable Palm Oil Industry segmented?

The sustainable palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Edible oil
  Surfactants
  Biofuels
  Others


Distribution Channel

  Offline
  Online


End-User

  Manufacturers
  Retail
  Industrial Consumers


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The edible oil segment is estimated to witness significant growth during the forecast period.

Sustainable palm oil, produced with consideration for the conservation of natural resources, ecosystem protection, and community welfare, has gained significant traction in the edible oil market. Consumers' growing awareness of environmental and social issues related to palm oil production fuels this demand. Increasingly, consumers prioritize environmentally fri

The global market size of Soy Oil and Palm Oil is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Soy Oil and Palm Oil Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Soy Oil and Palm Oil industry. The key insights of the report:
1.The report provides key statistics on the market status of the Soy Oil and Palm Oil manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Soy Oil and Palm Oil industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Soy Oil and Palm Oil Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Soy Oil and Palm Oil as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Soy Oil and Palm Oil market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Get the latest insights on price movement and trend analysis of Crude Palm Kernel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Palm Oil Press Market Outlook

The global palm oil press market size was valued at USD 1.25 billion in 2023 and is projected to reach USD 2.10 billion by 2032, growing at a CAGR of 5.6% during the forecast period. The growth of this market is driven by the increasing demand for palm oil, which is a versatile and cost-effective ingredient used in various industries such as food, biofuel, and cosmetics.

The primary growth factor for the palm oil press market is the rising global demand for palm oil. Palm oil is widely used in the food industry for cooking and as an ingredient in a variety of processed foods. Its relatively low cost and high yield make it an attractive option for food manufacturers. Additionally, the biofuel industry has shown increasing interest in palm oil as a renewable energy source, further driving the need for efficient palm oil extraction methods. The cosmetics industry also utilizes palm oil in the production of various skin and hair care products, which adds to the overall demand.

Technological advancements in palm oil press machinery have significantly contributed to market growth. Modern palm oil presses are more efficient, requiring less energy and producing higher oil yields. Innovations such as automatic temperature control and advanced filtering systems have enhanced the quality and purity of the extracted oil. These advancements reduce operational costs and increase the profitability of palm oil extraction, making it a more attractive investment for producers.

Another key growth factor is the expansion of palm oil plantations, particularly in Southeast Asia and Africa. Countries like Indonesia and Malaysia are major producers of palm oil and have invested heavily in expanding their palm oil cultivation areas. This expansion, coupled with supportive government policies and international trade agreements, has created a robust supply chain for palm oil, which in turn drives the demand for palm oil press machinery. Additionally, the rising awareness of sustainable practices in palm oil production has led to the development of eco-friendly and energy-efficient palm oil presses, further boosting market growth.

Regionally, the Asia Pacific region dominates the palm oil press market due to the presence of large palm oil producing countries such as Indonesia and Malaysia. These countries account for the majority of global palm oil production and have a high demand for advanced palm oil press machinery. North America and Europe are also significant markets due to the increasing use of palm oil in the food and cosmetics industries. Latin America and Africa are emerging markets with substantial growth potential, driven by the expansion of palm oil cultivation and increasing investments in palm oil processing infrastructure.

Product Type Analysis

The palm oil press market is segmented by product type into hydraulic palm oil press, screw palm oil press, and combined palm oil press. Each type offers distinct advantages and is suitable for different applications, contributing to the overall growth of the market.

The hydraulic palm oil press is known for its high efficiency and ability to extract oil from high-moisture palm fruits. It operates by applying hydraulic pressure to squeeze the oil out of the palm fruits, resulting in high oil yield and purity. This type of press is particularly popular in regions with small-scale and artisanal palm oil producers, as it is relatively easy to operate and maintain. The demand for hydraulic palm oil presses is expected to grow steadily due to their efficiency and suitability for small to medium-scale production.

The screw palm oil press is another prominent segment, favored for its continuous operation and high throughput. Screw presses use a rotating screw to crush and press the palm fruits, extracting the oil through a perforated barrel. These presses are widely used in large-scale industrial operations due to their ability to handle large volumes of palm fruits efficiently. The increasing demand for palm oil in the food and biofuel industries has driven the adoption of screw presses, which offer a balance between efficiency and cost-effectiveness.

Combined palm oil presses integrate the features of both hydraulic and screw presses, offering versatile and efficient oil extraction solutions. These presses are capable of handling a wide range of palm fruit moisture levels and can be used in various production scales. The combined palm oil press segment is expected to witness significant growth due to its flexibility and adaptabi

Fresh Fruit Bunches Price: 1% Extraction Rate: South Region data was reported at 26.080 MYR/Ton in Mar 2018. This records a decrease from the previous number of 27.400 MYR/Ton for Feb 2018. Fresh Fruit Bunches Price: 1% Extraction Rate: South Region data is updated monthly, averaging 20.130 MYR/Ton from Jan 1994 (Median) to Mar 2018, with 291 observations. The data reached an all-time high of 44.670 MYR/Ton in Feb 2011 and a record low of 5.940 MYR/Ton in Feb 2001. Fresh Fruit Bunches Price: 1% Extraction Rate: South Region data remains active status in CEIC and is reported by Malaysian Palm Oil Board. The data is categorized under Global Database’s Malaysia – Table MY.P002: Palm Oil Price.