Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, 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 December of 2025.

The global crude palm oil market expanded modestly to $72.3B in 2024, picking up by 4.1% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2024: its value increased at an average annual rate of +3.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -9.7% against 2022 indices.

This statistic depicts the average annual prices for palm oil from 2014 through 2027*. In 2025, the average price for palm oil stood at 1,020 nominal U.S. dollars per metric ton.

The Nigerien crude palm oil market rose notably to $1.4B in 2024, surging by 6.2% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +3.9% 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 -9.1% against 2022 indices.

The Mexican crude palm oil market skyrocketed to $640M in 2024, growing by 30% against the previous year. Over the period under review, consumption enjoyed a moderate expansion. Crude palm oil consumption peaked in 2024 and is likely to see gradual growth in the immediate term.

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Palm Oil Market Size 2025-2029

The palm oil market size is valued to increase USD 54.4 billion, at a CAGR of 9% from 2024 to 2029. Increasing consumer awareness regarding health benefits of palm oil will drive the palm oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 73% growth during the forecast period.
By Application - Edible oil segment was valued at USD 54.00 billion in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 92.90 billion
Market Future Opportunities: USD 54.40 billion
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, refining, and distribution of palm oil and its derivatives. This dynamic market is driven by the increasing demand for palm oil in core applications, such as food, cosmetics, and biodiesel. According to recent reports, the food industry accounts for approximately 65% of palm oil consumption, with the biodiesel sector emerging as a significant growth avenue. However, the market faces challenges from environmental concerns, particularly regarding deforestation and plant diversity losses. In 2020, it was estimated that around 10 million hectares of forest were lost due to palm oil cultivation. Despite these challenges, opportunities for sustainable production and innovative technologies continue to unfold, ensuring the market remains a vital and evolving sector in the global economy.

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

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How is the Palm Oil Market Segmented and what are the key trends of market segmentation?

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.

Application

  Edible oil
  Surfactants
  Bio-diesel
  Others


Type

  Conventional
  Organic


Geography

  Europe

    Germany
    UK


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Application Insights

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

Palm oil, a widely used edible oil, holds significant importance in various industries, particularly in Asia. Approximately 45% of global palm oil production is attributed to palm fruit oil, primarily used in food processing due to its lower trans fat content and cost-effectiveness. Palm kernel oil, the other form, accounts for around 25% of the production. The food sector's reliance on palm oil is increasing, with an estimated 67% of its usage in food manufacturing. Moreover, the environmental impact of palm oil production is a growing concern. To address this, initiatives focusing on deforestation monitoring, water use efficiency, extraction rate optimization, and carbon footprint reduction are gaining traction.

The industry is also investing in soil nutrient management, palm oil byproducts utilization, and traceability systems to enhance supply chain transparency. The market's future growth is promising, with an anticipated 20% increase in demand for palm oil byproducts in the next five years. Additionally, there is a rising trend towards sustainable palm oil production, with RSPO certification becoming increasingly common. Oil palm cultivation is also evolving, with the adoption of high-yielding varieties, integrated pest management, and oil palm genetics. In terms of production processes, improvements in palm oil fractionation, fertilizer application techniques, biodiesel production, and irrigation efficiency are essential for maintaining competitiveness.

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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.

Furthermore, biomass utilization and palm oil refining are being explored to minimize waste and optimize resource utilization. Smallholder farmers are also receiving support to improve their productivity and sustainability through various initiatives. These efforts aim to ensure the long-term viability of the palm oil industry while minimizing its environmental impact.

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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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The market in the Asia Pacific (APAC) region experiences significant growth, driven by the expanding economies of China, Australia, Thailand, South Ko

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

The Ecuadorian crude palm oil market dropped to $352M in 2024, with a decrease of -13.4% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Crude palm oil consumption peaked at $407M in 2023, and then dropped in the following year.

Retail Price: DCA: Daily: Palm Oil: Assam data was reported at 138.410 INR/kg in 02 Dec 2025. This records a decrease from the previous number of 138.890 INR/kg for 01 Dec 2025. Retail Price: DCA: Daily: Palm Oil: Assam data is updated daily, averaging 114.940 INR/kg from Oct 2020 (Median) to 02 Dec 2025, with 1686 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.PC: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by States: Palm Oil.

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

After five years of growth, the Cote d'Ivoire's crude palm oil market decreased by -4.5% to $512M in 2024. Over the period under review, consumption, however, showed modest growth. Over the period under review, the market reached the maximum level at $537M in 2023, and then dropped in the following year.

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.

Sunflower Oil rose to 1,426.40 INR/10 kg on December 2, 2025, up 0.68% from the previous day. Over the past month, Sunflower Oil's price has risen 0.79%, and is up 8.44% compared to the same time last year, 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.

Wholesale Price: DCA: Monthly Average: Palm Oil: North Zone: Dharamshala data was reported at 8,600.000 INR/Quintal in Dec 2020. This stayed constant from the previous number of 8,600.000 INR/Quintal for Nov 2020. Wholesale Price: DCA: Monthly Average: Palm Oil: North Zone: Dharamshala data is updated monthly, averaging 7,204.760 INR/Quintal from Mar 2015 (Median) to Dec 2020, with 70 observations. The data reached an all-time high of 8,800.000 INR/Quintal in May 2020 and a record low of 6,184.290 INR/Quintal in Nov 2015. Wholesale Price: DCA: Monthly Average: Palm Oil: North Zone: Dharamshala 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.PD: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil (Discontinued).

The Thai crude palm oil market rose markedly to $2.1B in 2024, growing by 8% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2024: its value increased at an average annual rate of +3.6% 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 -12.1% against 2022 indices.

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.

Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Solan data was reported at 98.000 INR/kg in Nov 2020. This stayed constant from the previous number of 98.000 INR/kg for Jul 2020. Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Solan data is updated monthly, averaging 76.000 INR/kg from Dec 2015 (Median) to Nov 2020, with 46 observations. The data reached an all-time high of 98.000 INR/kg in Nov 2020 and a record low of 61.000 INR/kg in Dec 2015. Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Solan 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.PC152: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil (Discontinued).

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.PD: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil (Discontinued).

Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Una data was reported at 129.000 INR/kg in May 2022. This stayed constant from the previous number of 129.000 INR/kg for Apr 2022. Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Una data is updated monthly, averaging 130.370 INR/kg from Dec 2020 (Median) to May 2022, with 18 observations. The data reached an all-time high of 139.030 INR/kg in May 2021 and a record low of 108.000 INR/kg in Dec 2020. Retail Price: DCA: Monthly Average: Palm Oil: North Zone: Una 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.PC152: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Palm Oil (Discontinued).

In 2024, after two years of decline, there was significant growth in the Indonesian crude palm oil market, when its value increased by 6.9% to $39.3B. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level of $43.5B. From 2022 to 2024, the growth of the market failed to regain momentum.