Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, 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 March of 2025.

Graph and download economic data for Global price of Palm Oil (PPOILUSDM) from Jan 1990 to Feb 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

Palm Oil Market Size Value in Germany, 2021 Discover more data with ReportLinker!

Palm Oil Market Size Value Per Capita in Germany, 2021 Discover more data with ReportLinker!

Oil palm prices may hold up in the medium term, with strong demand from India and China. Yet, like other non-oil commodities, oil palm prices are likely to remain volatile, and to experience a long term relative price decline. (Chapter 3). 2. World prices are not the main problem for small farmers in PNG. Three factors are likely to place a ceiling on the economic benefits for small farmers: (i) small farmers remain at the highly competitive end of a large grower market, with little market power, keeping them as ‘price takers’; (ii) a large monopsony (all consuming), price-fixing corporate mill dominates small farmers, in the PNG ‘nucleus estate and smallholder’ model; and (iii) farmers in the export oriented oil palm business (unlike producers for local markets) are at the bottom end of a very long value chain, where other more powerful participants will always claim the largest ‘slice’ of value in the industry. (Chapter 3). International Finance Institutions (IFIs) – in particular the World Bank and the Asian Development Bank – AusAID and the PNG Government have subsidised and promoted involvement in oil palm in PNG. Their interests (eg. corporate profit, commodification of land and gaining foreign exchange) are not identical to those of small farmers. The IFIs have pushed the interests of foreign-dominated export industries, with less regard for small farmers. (Chapter 4)

Palm Oil Market Size Value in Belgium, 2021 Discover more data with ReportLinker!

Indonesia Export: Value: Palm Oil: Ghana data was reported at 4.680 USD mn in May 2019. This records a decrease from the previous number of 8.427 USD mn for Apr 2019. Indonesia Export: Value: Palm Oil: Ghana data is updated monthly, averaging 2.624 USD mn from Jan 2012 (Median) to May 2019, with 89 observations. The data reached an all-time high of 33.246 USD mn in Oct 2014 and a record low of 0.106 USD mn in Aug 2016. Indonesia Export: Value: Palm Oil: Ghana data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAE033: Export: Commodities by Country: Palm Oil.

EXPORT OF PALM OIL & PALM-BASED PRODUCTS TO MAJOR COUNTRIES, 2017 - 2022 Unit: Quantity ('000 T), Value (RM Million) p = Preliminary, 2020: European Union (EU) exclude United Kingdom, The country arrangement based on current year

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

Indonesia Export: Value: Palm Oil data was reported at 1.193 USD bn in May 2019. This records an increase from the previous number of 1.051 USD bn for Apr 2019. Indonesia Export: Value: Palm Oil data is updated monthly, averaging 1.393 USD bn from Jan 2012 (Median) to May 2019, with 89 observations. The data reached an all-time high of 1.936 USD bn in Jul 2012 and a record low of 837.853 USD mn in Apr 2014. Indonesia Export: Value: Palm Oil data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAE033: Export: Commodities by Country: Palm Oil.

Sunflower Oil increased 56 USD/T or 4.42% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

DescriptionPalm oil mills: The data comes from FoodReg’s Known Sources palm oil mill database and directly from palm oil traders and buyers. The data represents the mills within the supply chain of at least three major palm oil buyers who wish to remain anonymous. The data does not represent the entire universe of mills, and is only representative of the mills within the supply chains of companies submitting mill data to WRI or Known Sources. The location of mills was self-reported by mill owners. All mill locations were manually verified by WRI using Google Earth imagery according to criteria for mill infrastructure including the presence of buildings, settling ponds, and nearby palm oil plantations. Mills may have duplicate names when site-level name data is missing and group name information is included. The data will be updated as new data becomes available to WRI or Known Sources.Oil palm concessions (select countries): refers to an area allocated by a government or other body for industrial-scale oil palm plantations.The oil palm concession data on GFW, while displayed as a single layer, is assembled on a country-by-country basis from multiple sources.Oil palm concession data displayed on the GFW website vary from country to country by date and data sources. Data may come from government agencies, NGOs, or other organizations. Includes:Liberia oil palm concessions: refers to an area allocated by a government or other body for industrial-scale oil palm plantations.The oil palm concession data on GFW, while displayed as a single layer, is assembled on a country-by-country basis from multiple sources.Oil palm concession data displayed on the GFW website vary from country to country by date and data sources. Data may come from government agencies, NGOs, or other organizations. This data set provides the boundaries of known oil palm plantations for Liberia and was compiled by Global Witness from available government maps. Information provided with this data set includes company, ownership group, and land area.Cameroon agro-industrial zones: This data layer shows the boundaries of agro-industrial zones, where oil palm and rubber tree plantations, as well as other crops, may be established. In Cameroon, industrial agriculture falls outside of the National Forest Estate. Agricultural plantations are allocated by the Ministry of Economy and Planning to private entities under long-term, renewable contracts, which are then monitored by the Ministry of Agriculture. The agro-industrial data set was mapped using satellite imagery, with ground-truthing to determine the crop type and operating company. Official documentation was often lacking, so boundaries should be considered approximate and nonexhaustive.Republic of the Congo oil palm concessions: This data set provides the boundaries for oil palm plantations according to the Republic of the Congo Ministry of Agriculture. Indonesia oil palm concessions: Oil palm concession refers to an area allocated by a government or other body for industrial-scale oil palm plantations. The oil palm concession data on GFW, while displayed as a single layer, is assembled on a country-by-country basis from multiple sources. Oil palm concession data displayed on the GFW website vary from country to country by date and data sources. Data may come from government agencies, NGOs, or other organizations.This data set, produced by the Indonesia Ministry of Forestry, provides the boundaries of current or planned oil palm plantations in Indonesia. This data set is known to be incomplete, but it is currently the best available. RSPO palm oil mills: this data layer displays plantation management units (PMU) certified under RSPO through May, 2013. These data are arranged by company group holding the majority shareholding in each unit.RSPO oil palm concessions (Brazil, Indonesia, Cambodia, Malaysia, Papua New Guinea and Thailand): The RSPO concession boundaries were produced by member companies and compiled by Aidenvironment.org. Other data is included from Annual Surveillance Assessments provided by the RSPO as well as third-party audit reports screened by Aidenvironment.org. SPOTT featured company concessions: SPOTT-Sustainability Policy Transparency Toolkit is an online platform supporting sustainable commodity production and trade. This database summarizes some assessments of palm oil producers and traders in relation to its operations and commitments related to environmental, social and governance (ESG) issues. RTRS Guides for Responsible Soy Expansion: The Round Table on Responsible Soy (RTRS) is a civil society organization that promotes the production, processing and marketing of responsible soy globally. It aims to promote sustainable production to reduce the social and environmental impacts of soybeans. The RTRS Responsible Soy Production Map is created based on RTRS Standards, and is intended to guide responsible expansion of soybean production for RTRS certification. The RTRS committed to create macro-scale maps for Argentina, Brazil, Bolivia, and Paraguay to identify and preserve critical ecosystems and High Conservation Value Areas (HCVAs), as well as identify opportunities for responsible expansion of soy with low levels of environmental impact. The process began in Brazil in 2012, followed by Paraguay in 2013. Additional national level maps (e.g. Argentina) are in development. These national maps are created by RTRS National Technical Groups in each country, with experts representing all levels of the supply chain to interpret the global methodology at the national level. Each group was led by local coordinators and supported by GIS companies and consultative groups, as well as BACP (IFC), IDH, 3Fi, WWF and The Gordon and Betty Moore Foundation, the principal funders of this project. The guides were developed according to Annex 4: RTRS approach to responsible conversion, page 20, of the RTRS Production Standard. The macro-scale maps show the four different categories described in Guide 4 of the Standard, and the High Conservation Value Areas assessment guides for determination and management of HCVAs. Date of update and consistency on attributes might differ as the layer is a compilation of concession data from various countries and sources. LimitationsDate of update and consistency on attributes might differ as the layers are a compilation of data from various countries and sources. CreditsPalm Oil Mills, RSPO Palm Oil Mills and Oil Palm ConcessionsGlobal Forest Watch - Data may come from government agencies, NGOs or other organizations. Accessed through GFW portal http://data.globalforestwatch.org/datasetsSPOTT featured company concessions Zoological Society of London - using data provided by Global Forest Watch from the World Resources Institute (WRI). Accessed through GFW portal http://data.globalforestwatch.org/datasetsRSTRS Guides for Responsible Soy ExpansionRound Table on Responsible Soy (RTRS). Accessed through GFW portal http://data.globalforestwatch.org/datasetsAttributesPalm Oil Millsobjectid: Assigned by WWF. Unique identifierwri_id: World Resources Institute identifiermill_name_: Name of the assetgroup_name: Name of the company operating the palm oil milliso: ISO-Alpha 3 code for the country where the mill is located. Cross-reference herecertificat: Indicates if the mill has RSPO certificationcompany_na: Name of the company operating the millglobalid: Global Forest Watch identifierx: X location in the original coordinate system of the database (WGS 1984)y: Y location in the original coordinate system of the database (WGS 1984)Oil Palm ConcessionsOBJECTID: Assigned by WWF. Unique identifierCountry: Country where the oil palm concession is locatedName: Local name of the company operating in the concessionCompany: International name of the company operating in the concessionGroup: International name of the companySub Group: Regional name of the company if appliesGroup ID: Assigned by GFW. Identifier for the Group company. Concession Type: Type of permission associated to the concessionGIS Calculated Area (ha): Reported area of the concession in hectaresSource: Original source of the concession dataLast Update: Last update of the information in the original databaseGFW ID: Global Forest Watch identifierRSPO Palm Oil MillsOBJECTID: Assigned by WWF. Unique identifierlongitude: Longitude in the original coordinate system of the database (WGS 1984)audit_stat: State of the certification process (Initial, renewal)legal_radi: Indicates werther the palm oil mill is located within a radius of up to 10 km from the palm oil concessions (Yes: 1, No: 0)illegal_ra: Indicates werther the palm oil mill is located within a radius of up to 10 km from the palm oil concessions (Yes: 0 or 1, Any other number reflects the distance in km*100)radius_umdradius_for: Presumably an indicator of the distance from the mill to the forests in the area of influenceprimary_in: Presumably an indicator of the primary forest in the areaprimary_1: Presumably an indicator of the primary forest in the areacarbon_rad: Presumably an indicator of the amount of carbon storage in the ecosystems in the area of influence (forest, peatlands, etcetera) peat_radiu: Presumably an indicator of the distance from the mill to peat lands in the area of influence peat_area_: Presumably an indicator of the area of the peatlands in the area of influencefires_radi: Presumably an indicator of the distance within the mill and identified fires in the area of influenceillegal_1: Presumably an indicator that classifies qualitatively the attribute fires_radi (low, high, medium)radius_u_1: Presumably an indicator that classifies qualitatively the attribute radius_umd (low, high, medium)radius_f_1: Presumably an indicator that classifies qualitatively the attribute radius_for (low, high, medium)primary_2: Presumably an indicator that classifies qualitatively the attribute primary_in (low, high, medium)primary_3: Presumably

The R code "carbon_stock_calculations.R" estimates aboveground carbon stocks for 49 plots in 14 fragmented forest sites and 4 continuous forest sites in Sabah, Malaysian Borneo, using the vegetation dataset â Vegetation and habitat data for fragmented and continuous forest sites in Sabah, Malaysian Borneo, 2017â . The 14 fragmented sites were all in Roundtable on Sustainable Palm Oil-certified oil palm plantations, and are hereafter termed 'conservation set-asides'. The code also estimates the aboveground carbon stocks of oil palm plantations for comparison. The R code "analyses_and_figures.R" runs analyses and makes figures of aboveground carbon stocks and associated plant diversity for these sites, as presented in Fleiss et al. (2020) This R code was created in order to investigate the following: (1) to establish the value of conservation set-asides for increasing oil palm plantation aboveground carbon stocks; (2) to establish whether set-asides with high aboveground carbon stocks can have co-benefits for plant diversity; (3) to compare the carbon stocks and vegetation structure of conservation set-asides with that of continuous forest, including assessing tree regeneration potential by examining variation in seedling density; (4) to examine potential drivers of variation in aboveground carbon stocks of conservation set-asides (topography, degree of fragmentation, and soil parameters); (5) to scale-up the estimates of the aboveground carbon stocks of conservation set-asides, in order to predict average carbon stocks of oil palm plantations with and without set-asides, and for varying coverage of set-asides across the plantation. Full details about this dataset can be found at https://doi.org/10.5285/9ff5cdca-b504-4994-8b07-5912ee6aff47

Indonesia Agricultural Export: Crude Palm Oil: Value: Chile data was reported at 0.810 USD mn in 2009. This records an increase from the previous number of 0.001 USD mn for 2008. Indonesia Agricultural Export: Crude Palm Oil: Value: Chile data is updated yearly, averaging 0.450 USD mn from Dec 2005 (Median) to 2009, with 4 observations. The data reached an all-time high of 0.810 USD mn in 2009 and a record low of 0.001 USD mn in 2008. Indonesia Agricultural Export: Crude Palm Oil: Value: Chile data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Agriculture Sector – Table ID.RID008: Agricultural Trade: Export: Crude Palm Oil: Value: by Country.

Indonesia Agricultural Export: Crude Palm Oil: Value: Yemen data was reported at 0.000 USD mn in 2009. This records a decrease from the previous number of 0.143 USD mn for 2008. Indonesia Agricultural Export: Crude Palm Oil: Value: Yemen data is updated yearly, averaging 0.072 USD mn from Dec 2008 (Median) to 2009, with 2 observations. The data reached an all-time high of 0.143 USD mn in 2008 and a record low of 0.000 USD mn in 2009. Indonesia Agricultural Export: Crude Palm Oil: Value: Yemen data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Agriculture Sector – Table ID.RID008: Agricultural Trade: Export: Crude Palm Oil: Value: by Country.

(Source: Nkongho [20]).

Rapeseed increased 0.79 EUR/T or 0.15% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Rapeseed Oil.

Soybeans increased 7.06 USd/BU or 0.71% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on March of 2025.

Indonesia Agricultural Export: Other Palm Oil: Value: Gambia data was reported at 39.706 USD mn in 2017. This records an increase from the previous number of 20.573 USD mn for 2016. Indonesia Agricultural Export: Other Palm Oil: Value: Gambia data is updated yearly, averaging 20.573 USD mn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 39.706 USD mn in 2017 and a record low of 0.930 USD mn in 2005. Indonesia Agricultural Export: Other Palm Oil: Value: Gambia data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Agriculture Sector – Table ID.RID008: Agricultural Trade: Export: Crude Palm Oil: Value: by Country.