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.

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.

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.

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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

29162 Global import shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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 November of 2025.

55684 Global export shipment records of Crude Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

409186 Global exporters importers export import shipment records of Palm oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Indonesia Agricultural Export: Other Palm Oil: Volume: Jambi data was reported at 31,800.000 Ton in 2017. This records an increase from the previous number of 26,100.000 Ton for 2016. Indonesia Agricultural Export: Other Palm Oil: Volume: Jambi data is updated yearly, averaging 11,000.000 Ton from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 54,316.000 Ton in 2015 and a record low of 3,100.000 Ton in 2014. Indonesia Agricultural Export: Other Palm Oil: Volume: Jambi 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.RID010: Agricultural Trade: Export: Crude Palm Oil: by Port.

Indonesia Agricultural Export: Other Palm Oil: Volume: Others Africa data was reported at 337,136.000 Ton in 2017. This records an increase from the previous number of 299,709.000 Ton for 2016. Indonesia Agricultural Export: Other Palm Oil: Volume: Others Africa data is updated yearly, averaging 133,841.000 Ton from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 625,889.000 Ton in 2015 and a record low of 18,877.000 Ton in 2006. Indonesia Agricultural Export: Other Palm Oil: Volume: Others Africa 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.RID009: Agricultural Trade: Export: Crude Palm Oil: Volume: by Country.

Indonesia Agricultural Export: Crude Palm Oil: Volume: Annual data was reported at 27,353,337.000 Ton in 2017. This records an increase from the previous number of 22,761,814.000 Ton for 2016. Indonesia Agricultural Export: Crude Palm Oil: Volume: Annual data is updated yearly, averaging 15,291,271.000 Ton from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 27,353,337.000 Ton in 2017 and a record low of 4,110,027.000 Ton in 2000. Indonesia Agricultural Export: Crude Palm Oil: Volume: Annual 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.RID007: Agricultural Trade: Export: Crude Palm Oil.

Indonesia Agricultural Export: Crude Palm Oil: Volume: Panjang data was reported at 74,111.000 Ton in 2017. This records a decrease from the previous number of 74,785.000 Ton for 2016. Indonesia Agricultural Export: Crude Palm Oil: Volume: Panjang data is updated yearly, averaging 638,349.000 Ton from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 1,457,726.000 Ton in 2014 and a record low of 74,111.000 Ton in 2017. Indonesia Agricultural Export: Crude Palm Oil: Volume: Panjang 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.RID010: Agricultural Trade: Export: Crude Palm Oil: by Port.

Indonesia Agricultural Export: Crude Palm Oil: Volume: India data was reported at 4,627,682.000 Ton in 2017. This records an increase from the previous number of 2,948,981.000 Ton for 2016. Indonesia Agricultural Export: Crude Palm Oil: Volume: India data is updated yearly, averaging 3,614,821.000 Ton from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 4,627,682.000 Ton in 2017 and a record low of 1,796,301.000 Ton in 2005. Indonesia Agricultural Export: Crude Palm Oil: Volume: India 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.RID009: Agricultural Trade: Export: Crude Palm Oil: Volume: by Country.

In 2023, the export value of palm oil from East Kalimantan reached around **** billion U.S. dollars, highlighting its position as one of the leading producers of oil palm in Indonesia. In addition to coal, palm oil is one of East Kalimantan's main commodities.

Agricultural Export: Other Palm Oil: Volume: Algeria data was reported at 91,388.000 Ton in 2017. This records an increase from the previous number of 56,112.000 Ton for 2016. Agricultural Export: Other Palm Oil: Volume: Algeria data is updated yearly, averaging 66,151.000 Ton from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 132,471.000 Ton in 2008 and a record low of 23,100.000 Ton in 2011. Agricultural Export: Other Palm Oil: Volume: Algeria 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.RID009: Agricultural Trade: Export: Crude Palm Oil: Volume: by Country.

Agricultural Export: Other Palm Oil: Value: Mongolia data was reported at 0.473 USD mn in 2017. This records an increase from the previous number of 0.128 USD mn for 2013. Agricultural Export: Other Palm Oil: Value: Mongolia data is updated yearly, averaging 0.300 USD mn from Dec 2005 (Median) to 2017, with 6 observations. The data reached an all-time high of 3.338 USD mn in 2008 and a record low of 0.046 USD mn in 2005. Agricultural Export: Other Palm Oil: Value: Mongolia 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 Import: Other Palm Oil: Volume: Singapore data was reported at 33.000 Ton in 2017. This records an increase from the previous number of 32.000 Ton for 2016. Indonesia Agricultural Import: Other Palm Oil: Volume: Singapore data is updated yearly, averaging 78.500 Ton from Dec 2005 (Median) to 2017, with 12 observations. The data reached an all-time high of 6,923.000 Ton in 2008 and a record low of 25.000 Ton in 2009. Indonesia Agricultural Import: Other Palm Oil: Volume: Singapore 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.RID023: Agricultural Trade: Import: Crude Palm Oil: Volume: by Country.

Global trade data of Crude palm oil under 15180038, 15180038 global trade data, trade data of Crude palm oil from 80+ Countries.

Global trade data of Crude palm oil under 84792000, 84792000 global trade data, trade data of Crude palm oil from 80+ Countries.

The global crude palm oil market expanded modestly to $72.3B in 2024, picking up by 4.1% against the previous year.