Palm Oil rose to 4,474 MYR/T on September 2, 2025, up 2.22% from the previous day. Over the past month, Palm Oil's price has risen 6.88%, and is up 13.76% 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 September of 2025.

In 2024, the United States was the leading importer of palm oil worldwide, with an import value of about 1.8 billion U.S. dollars. Turkey was the second-highest palm oil importer worldwide, with imports worth about 0.74 billion U.S. dollars. Palm oil is an edible vegetable oil commonly used for food products, detergents, and cosmetics. Palm oil imports worldwide China’s imports of palm oil have continuously increased during the last seven years, excluding the noticeable drop in imports during the pandemic year of 2020/21. In the European Union (EU), there has also been a continuous upward trend of palm oil imports. While EU imports of palm oil were valued at approximately 1.9 billion U.S. dollars in 2006, that figure had increased to around 7.5 billion U.S. dollars in 2022. Brazil and Mexico are the leading importers of palm oil in Latin America and the Caribbean, with imports equivalent to approximately 384 million and 381 million U.S. dollars, respectively. Palm oil in India India, the leading importer of palm oil worldwide, imports most of its palm oil from Indonesia. India’s imports of palm oil from Indonesia are about five million metric tons annually, which amounts to approximately 43 percent of its total palm oil imports. Another quarter of India’s palm oil imports come from Malaysia. The consumption of palm oil in India amounted to nearly 8.2 million metric tons annually in 2022. During the last decade, India’s palm oil consumption has remained relatively stable.

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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 Palm Oil Market is segmented by application (edible oil, surfactants, bio-diesel, others), type (conventional, organic), and geography (Europe: Germany, UK; Middle East and Africa: Qatar, UAE; APAC: China, India, Indonesia, Malaysia, Pakistan; Rest of World). This segmentation reflects the market's growth, driven by high demand for edible oil and bio-diesel applications, with conventional palm oil dominating and significant production and export contributions from Indonesia and Malaysia in the APAC region.
The market is driven by the increasing consumer awareness towards the health benefits associated with palm oil. This trend is fueled by the growing recognition of palm oil's role in various food products and its nutritional properties. Key end-use sectors include instant noodles, cereals, candles, shampoos, detergents, and biofuel production. A new growth avenue for palm oil is emerging in the biodiesel sector, as governments and industries seek sustainable alternatives to fossil fuels. However, this market faces significant challenges. Deforestation and plant diversity losses remain pressing concerns, with negative environmental impacts threatening the industry's reputation and long-term sustainability.
Companies must navigate these challenges by implementing responsible sourcing practices and investing in sustainable production methods to meet evolving consumer demands and regulatory requirements. By focusing on these strategic priorities, players in the market can capitalize on emerging opportunities while mitigating risks and ensuring long-term growth.

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

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Palm oil, derived from the fruit of the oil palm tree, continues to be a dynamic and evolving market due to its diverse applications across various sectors. Crude palm oil serves as a primary ingredient in food processing, cosmetics, and biodiesel production. The ongoing development of palm oil technology advances the industry's efficiency and sustainability, with innovations in refining processes, palm oil mill operations, and transportation methods. Sustainability remains a significant focus, as concerns over greenhouse gas emissions and land use change persist. Regulations and certifications, such as the Roundtable on Sustainable Palm Oil (RSPO), aim to promote sustainable practices in palm oil production.

These efforts extend to the supply chain, with increasing emphasis on transparency and responsible sourcing. Palm oil byproducts, including palm oil biogas and biofertilizer, offer additional value to the industry. The versatility of palm oil extends to the creation of palm oil biofuel, contributing to the energy sector. The continuous unfolding of market activities reveals the potential for further growth and innovation, as the industry adapts to evolving consumer demands and regulatory requirements. Forest conservation and the reduction of deforestation are essential considerations for the palm oil sector. The industry's impact on greenhouse gas emissions and land use change necessitates ongoing efforts to minimize environmental harm while maintaining economic viability.

The palm oil futures market reflects the industry's volatility and the importance of effective price risk management for investors. In the realm of palm oil plantations, advancements in technology and sustainable practices are essential to maintaining profitability and addressing environmental concerns. The palm oil mill sector continues to optimize processes, while transportation methods evolve to ensure efficient and cost-effective delivery of crude palm oil and its derivatives. Refined palm oil and its derivatives, such as palm kernel oil, are integral components of numerous industries, from food and beverage to cosmetics and biofuels. As the market continues to evolve, investment opportunities arise in various sectors, from technology and production to trading and logistics.

The dynamic nature of the market ensures a constant flow of innovation and growth.

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.

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 Applica

Wilmar International Limited, a Singapore based agricultural business, is the leading palm oil production company in the world, in terms of market capitalization. In 2024, Wilmar International’s palm oil market capitalization amounted to nearly ****e billion U.S. dollars. Palm Oil Production Palm oil production is on the rise worldwide. In 2023/2024, around ** million metric tons of palm oil were produced, a substantial increase from **** million metric tons in the 2015/2016 crop year. Palm oil has been the subject of some controversy in recent years, as much of the deforestation in Southeast Asia is attributed to palm oil cultivation, resulting in the deaths of countless endangered species and threatening the lives of many more. However, there are ways to produce palm oil sustainably, giving hope to that industry and wildlife activists. Uses of Palm Oil in the United States In the United States, palm oil has many different applications, including as an edible oil, as biodiesel, or in the production of cosmetics. Around ** percent of the palm oil in the United States is used in food production or sold as a cooking oil, according to 2016 figures. Cosmetics account for a relatively small share of the palm oil market, at *** percent. It is estimated that these proportions won’t change significantly by 2022.

This dataset provides values for PALM OIL. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

23 Active Global Hydrogenated Palm Oil buyers list and Global Hydrogenated Palm Oil importers directory compiled from actual Global import shipments of Hydrogenated Palm Oil.

WORLD MAJOR IMPORTERS OF PALM OIL

Malaysia Exports of palm oil and its fractions, not chemically modified to Libya was US$1.36 Million during 2024, according to the United Nations COMTRADE database on international trade. Malaysia Exports of palm oil and its fractions, not chemically modified to Libya - data, historical chart and statistics - was last updated on July of 2025.

The Palm Oil Market report segments the industry into Product Type (Palm Kernel Oil, Crude Palm Oil, Others), Nature (Conventional, Organic), Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Biofuels, Others), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). Includes historical data and five-year forecasts.

The palm oil market, valued at $52,460 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.2% from 2025 to 2033. This growth is fueled by several key factors. Increasing global demand for palm oil, driven by its widespread use in food products, biofuels, and personal care items, remains a significant driver. Furthermore, advancements in sustainable palm oil cultivation practices are mitigating some environmental concerns, attracting more environmentally conscious consumers and businesses. However, challenges persist, including fluctuating crude oil prices (impacting biofuel demand) and ongoing concerns regarding deforestation and biodiversity loss associated with palm oil production. These factors necessitate a continued focus on sustainable sourcing and transparent supply chains to ensure long-term market stability. The competitive landscape is dominated by major players including FGV Holdings Berhad, IOI Group, Sime Darby Berhad, and Wilmar International, amongst others. These companies are actively involved in expanding their production capacities, investing in research and development for higher yield varieties, and improving processing efficiencies to meet the growing demand. Regional variations in production and consumption are expected, with Southeast Asia likely to remain a dominant producer, while global demand will drive consumption across diverse geographical areas. The forecast period of 2025-2033 will likely witness further consolidation within the industry, driven by mergers, acquisitions, and strategic alliances aimed at enhancing market share and achieving greater economies of scale. Companies will likely focus on diversification of their product portfolio and expanding into value-added palm oil products to enhance profitability and mitigate risks associated with price volatility.

Top Importers of Palm Oil, 2016 Discover more data with ReportLinker!

1179 Global export shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global Palm Oil market stood at approximately 78 million tonnes in 2024 and is anticipated to grow at a CAGR of 5.11% during the forecast period until 2035. Indonesia and Malaysia are the largest producers and suppliers of Palm Oil across the globe.

53 Active Global Palm Oil buyers list and Global Palm Oil importers directory compiled from actual Global import shipments of Palm Oil.

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Sustainable Palm Oil Market Size 2025-2029

The sustainable palm oil market size is forecast to increase by USD 2.54 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for trans-fat-free products among health-conscious consumers. This trend is leading to a rise in the adoption of sustainable palm oil as a viable alternative to its traditional counterpart. Furthermore, advancements in sustainable cultivation methods are making palm oil production more environmentally friendly, addressing concerns over deforestation and carbon emissions. However, the market faces challenges, including the rising availability of substitutes such as soybean and sunflower oils.
Sustainable palm oil's growing popularity presents a significant market potential for businesses committed to producing and supplying eco-friendly products, while navigating the challenges posed by substitutes and evolving consumer preferences. However, the market faces challenges, including the rising availability of substitutes for sustainable palm oil, such as soybean and sunflower oils. Companies seeking to capitalize on this market's opportunities must stay abreast of these trends and address the challenges effectively through innovation, strategic partnerships, and sustainable business practices.

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 industry trends. The complex interplay of carbon emissions, processing technologies, and palm oil derivatives drives innovation in areas such as carbon offsets and renewable energy targets. Palm kernel shells and fiber waste are increasingly being repurposed for biodiesel production and biogas generation, reducing the environmental footprint of palm oil production. Sustainability certifications, such as those focusing on sustainable agricultural practices and peatland protection, are gaining traction. Animal feed and food applications remain significant sectors, with a growing emphasis on traceability systems and supply chain transparency. Palm kernel oil, fresh fruit bunches, and crude palm oil are integral components of this evolving landscape.

Land use change, disease control, and pest management are ongoing concerns, with a focus on sustainable sourcing and brand image. The food industry's increasing demand for sustainable palm oil drives the adoption of segregated palm oil and renewable energy in palm oil mills. Storage facilities and transportation logistics are optimized to minimize water usage and waste. Sustainable agriculture, social impact assessments, and community engagement are essential elements of the circular economy. Renewable energy, biogas generation, and wastewater treatment are integrated into palm oil mill operations to minimize carbon emissions and reduce the environmental footprint. The market's continuous dynamism underscores the importance of ongoing monitoring systems for labor practices, biodiversity conservation, and deforestation monitoring.

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 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Edible oil
  Surfactants
  Biofuels
  Others


Distribution Channel

  Offline
  Online


End-user

  Household
  Commercial
  Industrial


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Type Insights

The edible oil segment is estimated to witness significant growth during the forecast period. Sustainable palm oil production is gaining momentum in the edible oil market due to rising consumer awareness and preference for environmentally responsible and ethically sourced ingredients. This shift is driven by the increasing recognition of the environmental and social issues linked to traditional palm oil production methods. The focus on sustainable practices encompasses various aspects, such as the use of advanced processing technologies, carbon emissions reduction, fair wages for laborers, and effective fiber waste management. Water usage is minimized through recycling processes, while biodiesel production from palm kernel shells contributes to renewable energy targets. Harvesting methods prioritize supply chain transparency and disease control, ensuring the health of oil palm trees and the protection of biodiversity.

Sustainable agricultural practices, including p

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Palm Oil Market Outlook

According to our latest research, the global palm oil market size in 2024 stands at USD 66.8 billion, registering a robust annual growth trajectory. The market is exhibiting a strong compound annual growth rate (CAGR) of 5.2% from 2025 to 2033, driven primarily by surging demand from the food and beverage sector, increasing biofuel production, and expanding applications in the personal care industry. By 2033, the palm oil market is forecasted to reach a valuation of USD 105.4 billion, highlighting its position as one of the most dynamic and influential segments within the global edible oils industry. As per our latest research, the market is being propelled by both supply-side expansions in Southeast Asia and demand-side innovations in value-added palm oil derivatives across multiple end-use industries.

One of the most significant growth factors for the palm oil market is its unparalleled versatility and cost-effectiveness compared to other vegetable oils. Palm oilÂ’s unique composition, high yield per hectare, and relatively low production costs have made it the preferred choice for food manufacturers, especially in developing economies where affordability is paramount. The global populationÂ’s increasing reliance on processed and packaged foods, where palm oil is a key ingredient due to its stability and texture-enhancing properties, continues to drive robust demand. Additionally, the shift towards plant-based diets and the growing consumer preference for trans-fat-free products have further cemented palm oilÂ’s status as a staple in the global food industry. These factors collectively ensure a steady and resilient demand base, even as the market navigates sustainability and regulatory challenges.

Another pivotal growth driver is the expanding use of palm oil in non-food applications, particularly in the biofuel and personal care sectors. Governments worldwide are implementing policies to promote renewable energy sources, and palm oil-based biodiesel is gaining traction as a viable alternative to fossil fuels. The European Union and several Asian countries have introduced blending mandates that require a certain percentage of biofuel in transportation fuels, which has significantly boosted palm oil consumption for energy purposes. In parallel, the cosmetics and personal care industry is increasingly utilizing palm oil and its derivatives for their emollient and moisturizing properties, spurred by rising disposable incomes and heightened awareness of personal grooming. These trends are expected to accelerate, supported by ongoing research into sustainable palm oil production and certification schemes that enhance traceability and consumer confidence.

Sustainability and traceability initiatives are also reshaping the palm oil market landscape, fostering growth by addressing consumer and regulatory concerns around deforestation, biodiversity loss, and labor practices. The adoption of certification programs such as the Roundtable on Sustainable Palm Oil (RSPO) and the Indonesian Sustainable Palm Oil (ISPO) standard is gaining momentum, with major producers and buyers committing to sourcing only certified sustainable palm oil. This transition is being driven by both legislative measures in key import markets and heightened corporate social responsibility commitments among global retailers and manufacturers. As these initiatives become more entrenched, they are expected to unlock new market opportunities, particularly in premium product segments and environmentally conscious consumer demographics, further bolstering the long-term growth prospects of the palm oil market.

Palm Oil Biomass is emerging as a significant byproduct of the palm oil industry, offering a sustainable solution for energy generation and waste management. The fibrous residue from palm oil processing, including empty fruit bunches, palm kernel shells, and mesocarp fibers, can be converted into bioenergy, reducing reliance on fossil fuels. This biomass is not only a renewable energy source but also contributes to the circular economy by minimizing waste and enhancing resource efficiency. As the industry seeks to improve its sustainability credentials, the utilization of palm oil biomass is gaining traction, supported by technological advancements in biomass conversion and government incentives for renewable energy projects. This development aligns with global effor

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

This statistic shows the export value of palm oil worldwide in 2024, by leading country. In that year, Indonesia was the leading exporter of palm oil, with an export value of about ** billion U.S. dollars.

7 Active Global Palm Oil buyers list and Global Palm Oil importers directory compiled from actual Global import shipments of Palm Oil.