The global crude palm oil market reached $73.5B in 2024, increasing by 5.4% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2024: its value increased at an average annual rate of +3.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.2% against 2022 indices.

Palm Oil rose to 4,175 MYR/T on July 11, 2025, up 0.68% from the previous day. Over the past month, Palm Oil's price has risen 8.72%, and is up 6.67% 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 July of 2025.

The Thai crude palm oil market surged to $2.6B in 2024, increasing by 16% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2024: its value increased at an average annual rate of +5.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The Mexican crude palm oil market soared to $640M in 2024, surging by 30% against the previous year. In general, consumption saw a moderate increase. Crude palm oil consumption peaked in 2024 and is likely to see gradual growth in years to come.

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.

It was forecast that in 2020, Haiti would import *** thousand metric tons of palm oil , ** thousand more than a year earlier. At least from the time series shown, 2020 seemed to be the year with the largest imports of palm oil to this country.

Retail Price: DCA: Daily: Palm Oil: Assam data was reported at 142.060 INR/kg in 12 May 2025. This records a decrease from the previous number of 144.170 INR/kg for 11 May 2025. Retail Price: DCA: Daily: Palm Oil: Assam data is updated daily, averaging 121.150 INR/kg from Oct 2020 (Median) to 12 May 2025, with 1483 observations. The data reached an all-time high of 162.000 INR/kg in 11 Jul 2022 and a record low of 95.000 INR/kg in 04 Nov 2020. Retail Price: DCA: Daily: Palm Oil: Assam data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC059: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by States: Palm Oil.

The Guatemalan crude palm oil market surged to $318M in 2024, jumping by 482% against the previous year. Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Forecast: Palm oil Production in Colombia 2022 - 2026 Discover more data with ReportLinker!

In 2024, the Panamanian crude palm oil market increased by 40% to $32M, rising for the second year in a row after two years of decline. In general, consumption posted prominent growth. Over the period under review, the market attained the maximum level in 2024 and is expected to retain growth in years to come.

• The global industry was valued at US$ 5.2 Bn in 2023
• It is estimated to grow at a CAGR of 4.3% from 2024 to 2034 and reach US$ 8.2 Bn by the end of 2034

Market Introduction

Regional Outlook

Palm Oil-based Oleochemicals Market Snapshot

Wholesale Price: Average: Palm Oil: West Zone: Gwalior data was reported at 7,200.000 INR/Quintal in Jan 2021. This stayed constant from the previous number of 7,200.000 INR/Quintal for Dec 2020. Wholesale Price: Average: Palm Oil: West Zone: Gwalior data is updated monthly, averaging 6,000.000 INR/Quintal from Nov 2012 (Median) to Jan 2021, with 99 observations. The data reached an all-time high of 7,282.760 INR/Quintal in Apr 2019 and a record low of 4,500.000 INR/Quintal in Oct 2015. Wholesale Price: Average: Palm Oil: West Zone: Gwalior data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD149: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil (Discontinued).

North America Palm Kernel Oil Market was valued at USD 2547.04 Million in 2024 and is expected to reach USD 4944.16 Million by 2032 with a CAGR of 8.75% during the forecast period.

GAPKI: Exports: Processed Palm Oil (PO) data was reported at 1,449.000 Ton th in Jan 2025. This records a decrease from the previous number of 1,465.000 Ton th for Dec 2024. GAPKI: Exports: Processed Palm Oil (PO) data is updated monthly, averaging 1,766.000 Ton th from Jan 2020 (Median) to Jan 2025, with 61 observations. The data reached an all-time high of 3,156.000 Ton th in Aug 2021 and a record low of 264.000 Ton th in May 2022. GAPKI: Exports: Processed Palm Oil (PO) data remains active status in CEIC and is reported by Indonesia Palm Oil Association. The data is categorized under Indonesia Premium Database’s Agriculture Sector – Table ID.RIF018: Palm Oil Statistics: GAPKI.

The global market for sustainable palm oil is anticipated to reach around USD 30,100 million by 2026. The anticipated CAGR for the market is around 9% from 2020 to 2026.

The Cameroonian crude palm oil market reduced modestly to $280M in 2024, leveling off at the previous year. In general, consumption saw a relatively flat trend pattern. Crude palm oil consumption peaked at $310M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The size of the Africa Fats and Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.49% during the forecast period. The Africa fats and oils market encompasses the production, processing, distribution, and consumption of edible fats and oils across the African continent. This market includes a diverse range of products derived from both vegetable and animal sources, such as palm oil, soybean oil, sunflower oil, canola oil, and animal fats. In Africa, palm oil is a dominant component due to its widespread cultivation in countries like Nigeria, Ghana, and Côte d'Ivoire, where it plays a crucial role in local diets and economies. Soybean oil and sunflower oil are also significant, driven by both domestic production and imports to meet the growing demand for edible oils. The market is influenced by factors such as population growth, urbanization, and changing dietary preferences, which increase the demand for processed and convenience foods. Additionally, the market is impacted by agricultural practices, trade policies, and economic conditions, which affect the supply chain and pricing of fats and oils. Regional variations exist within the market, with different countries focusing on specific oil types based on local agricultural resources and consumption habits. As the market evolves, stakeholders are focusing on enhancing production efficiency, sustainability, and meeting the diverse needs of a rapidly changing consumer base. Recent developments include: March 2023: Wilmar International Ltd (WILMAR) initiated the construction of an edible oil plant located in Richards Bay, KwaZulu-Natal, South Africa. This USD 81 million project encompasses the development of a fractionator, a shortening plant, and a packaging facility. Notably, this endeavor commenced in 2020., July 2022: Eni introduced the first vegetable oil production facility for biorefining in Kenya. This venture involved the establishment of an oilseed collection and pressing plant, which marked the inception of vegetable oil production for bio-refineries., June 2021: WA Group made a substantial investment of USD 114 million in a processing plant aimed at boosting edible oil production in Ethiopia. This strategic investment enabled the company to cease importing edible oils and, instead, focus on refining crude palm oil sourced from other countries, as well as processing locally cultivated oilseeds such as sesame seeds, peanut seeds, niger seeds, soya beans, and haricot beans.. Key drivers for this market are: Wide Applications of Oils and Fats in Different End-Use Industries, Government Initiatives and Key Players Adopting Innovative Market Expansion Strategies. Potential restraints include: Volatility in Imports and Supply Chain of Oils. Notable trends are: Wide Applications of Oils and Fats in Different End-Use Industries.

The Costa Rican crude palm oil market skyrocketed to $102M in 2024, growing by 29% against the previous year. Over the period under review, consumption, however, continues to indicate a mild descent. Over the period under review, the market hit record highs at $170M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

Sunflower Oil fell to 1,238 INR/10 kg on July 11, 2025, down 0.20% from the previous day. Over the past month, Sunflower Oil's price has fallen 0.13%, but it is still 35.94% higher than a year ago, 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.

Global palm methyl ester market is expected to grow at a CAGR of 5.10% and is anticipated to reach around USD 7.8 Billion by 2026. Palm methyl ester is an organic aliphatic ester, obtained from palm oil. Palm oil can not be used directly therefore it is processed to form methyl esters by reacting to it with methanol.