Market research

Palm-kernel oilcake market in Eastern Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Eastern Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Earlier Report Observations

The palm-kernel oilcake market in Eastern Asia experienced strong growth from 2.7 million tons in 2018 to 5.5 million tons in 2023, driven by steadily rising imports. The establishment of the China Sustainable Palm Oil Alliance in 2018 promoted certified supply chains, supporting demand. This expansion accelerated notably in 2023, fueled by Indonesia's B35 biodiesel mandate, which increased global palm oil consumption, and China's position as the world's largest importer with growing domestic demand.

In 2024, import volumes declined to 4.3 million tons. This adjustment coincided with the introduction of new national quality standards for palm-kernel oil and increased market focus on sustainable sourcing. Broader factors, including China's policies for waste-oil recycling and biofuel development, alongside global supply chain volatility and trade policy influences, contributed to this shift in import dynamics.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Eastern Asia
  1. 5.1.1. Annual dynamics of production in Eastern Asia in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, K t
  2. 7.1.2. In value, M $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, K t
  2. 7.2.2. In value, M $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production palm-kernel oilcake in Eastern Asia

In kind, 2017-2020, t

Top producers of palm-kernel oilcake, 2017-2020

Source: SHEV.io

World map of production of palm-kernel oilcake, 2017-2020

Source: SHEV.io

Palm-kernel oilcake production in Eastern Asia has declined for the second year in a row. In 2020, the region produced 16 815 tonnes, representing a slight decrease of 0.7% from the previous year. Looking at the broader period from 2017 to 2020, production fell by 38.3%, which translates to an average annual decline of 14.9%. The highest output was recorded in 2018 at 28 109 tonnes. The most significant drop occurred in 2019, with a 39.8% decrease, while the largest increase was seen in 2018 at 3.2%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.2%	(39.8%)	(0.7%)	(14.9%)

Source: SHEV.io

Exports palm-kernel oilcake from Eastern Asia

According to market research, there were no exports of palm-kernel oilcake from Eastern Asia between 2017 and 2020.

Imports palm-kernel oilcake to Eastern Asia

Imports in kind, K t

Eastern Asia's imports of palm-kernel oilcake have risen for the third consecutive year. In 2020, imports reached 3 909 thousand tonnes, showing a robust growth of 16.2% compared to 2019. Over the period from 2017 to 2020, imports increased by 62.1%, averaging an annual growth rate of 17.5%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.3%	27.6%	16.2%	17.5%

Source: SHEV.io

From 2017 to 2020, Indonesia and Malaysia dominated the import market in volume terms, together accounting for 100.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Eastern Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Cross-border shipments of palm-kernel oilcake to Eastern Asia have increased for the third year in a row. In 2020, the region imported a total of 521.0 million US dollars' worth of palm-kernel oilcake, marking a sharp rise of 35.1% from 2019. Between 2017 and 2020, the value of imports grew by 95.7%, with an average annual increase of 25.1%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.9%	16.9%	35.1%	25.1%

Source: SHEV.io

Throughout 2017 to 2020, Indonesia and Malaysia were the primary sources for imports in value terms, jointly making up 100.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Eastern Asia in value, 2017-2020

Source: SHEV.io

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