Market research

Palm kernel or babassu oil and fractions market in Africa, 2026

$Palm kernel or babassu oil and fractions market in Africa$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Africa" region includes following countries:

Algeria

Libya

Morocco

Sudan

Western Sahara

Tunisia

Egypt

Cabo Verde

Benin

Gambia

Ghana

Guinea

Côte d'Ivoire

Liberia

Mali

Mauritania

Niger

Nigeria

Guinea-Bissau

Saint Helena, Ascension and Tristan da Cunha

Senegal

Sierra Leone

Togo

Burkina Faso

British Indian Ocean Territory

Burundi

Comoros

Mayotte

Ethiopia

Eritrea

French Southern Territories

Djibouti

Kenya

Madagascar

Malawi

Mauritius

Mozambique

Reunion

Rwanda

Seychelles

Somalia

Zimbabwe

South Sudan

Uganda

Tanzania

Zambia

Angola

Cameroon

Central African Republic

Chad

Congo

Democratic Republic of the Congo

Equatorial Guinea

Gabon

Sao Tome and Principe

Botswana

Lesotho

Namibia

South Africa

Eswatini

Earlier Report Observations

From 2018 to 2023, African production of palm kernel and babassu oil fractions grew steadily from 348 thousand tons to 436.8 thousand tons. This expansion was supported by policy measures such as the Central Bank of Nigeria's Oil Palm Development Initiative launched in 2019, which aimed to boost domestic output and reduce import reliance. The initiative contributed to a sharp drop in imports that year, temporarily lowering the total market volume, while local production continued to increase.

By 2023, the market volume had recovered to 504.7 thousand tons, aided by substantial industry investments. The National Palm Produce Association of Nigeria and UNIDO secured a €300 million investment, and the BUA Group signed a deal to construct a new 1,000 metric-ton-per-day palm oil refinery and fractionation plant, marking the entry of a major new player and significant capacity expansion. In 2024, the sector showed continued resilience with major companies reporting record profits amid economic challenges, reflecting ongoing investment and modernization efforts.

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 Africa
  1. 5.1.1. Annual dynamics of production in Africa in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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 Algeria in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Algeria 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 Algeria, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Algeria 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 Algeria in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Algeria 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 Algeria, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Algeria by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Algeria in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Algeria by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Algeria in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Algeria by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Algeria, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Algeria by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Algeria in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Algeria by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Algeria in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Algeria by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Algeria, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Algeria by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production palm kernel or babassu oil and fractions in Africa

In kind, 2017-2020, K t

Top producers of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

Palm kernel or babassu oil and fractions production in Africa has increased for the third consecutive year. In 2020, Africa produced 371.5 K t, marking a 1.1% increase from 2019. Over the 2017-2020 period, production grew by 10.3%, with a compound annual growth rate of 3.3%.

Annual dynamics of production in Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	5.7%	1.1%	3.3%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output of palm kernel or babassu oil and fractions in Africa was valued at 296.3 M $ US, showing a slight decrease of 0.9% compared to 2019. Over the 2017-2020 period, production value declined by 25.3%, with a compound annual growth rate of -9.3%. The lowest value was recorded in 2018 at 293.9 M $ US. The largest decline occurred in 2018 at 26.0%, while the largest increase was in 2019 at 1.8%.

Annual dynamics of production in Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(26.0%)	1.8%	(0.9%)	(9.3%)

Source: SHEV.io

Exports palm kernel or babassu oil and fractions from Africa

Exports in kind, K t

Palm kernel or babassu oil and fractions exports from Africa declined for the second consecutive year. In 2020, exports stood at 20.4 K t, representing a 14.9% decrease from the previous year. Between 2017 and 2020, exports fell by 20.7%, equating to an annualized rate of -7.4%. The peak was in 2018 at 33.0 K t. The largest decline occurred in 2019 at 27.3%, while the largest increase was in 2018 at 28.0%.

Annual dynamics of product's exports from Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	28.0%	(27.3%)	(14.9%)	(7.4%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Italy, and Spain were the largest buyers of palm kernel or babassu oil and fractions from Africa in terms of volume. The Netherlands accounted for 32.0% of exports, Italy for 16.9%, and Spain for 9.4%, together making up 58.2% of total exports.

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

Source: SHEV.io

World map of product's exports from Africa in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Africa's palm kernel or babassu oil and fractions exports declined for the third consecutive year. In 2020, exports amounted to 16.3 M $ US, a significant contraction of 16.6% compared to the previous year. Between 2017 and 2020, exports decreased by 46.3%, with an annualized rate of -18.7%.

Annual dynamics of product's exports from Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.2%)	(29.9%)	(16.6%)	(18.7%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Italy, and Spain consistently remained the main destinations for Africa's palm kernel or babassu oil and fractions exports in value terms. The Netherlands accounted for 36.7% of exports, Italy for 14.9%, and Spain for 9.6%, together representing 61.2% of total flows.

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

Source: SHEV.io

World map of product's exports from Africa in value, 2017-2020

Source: SHEV.io

Imports palm kernel or babassu oil and fractions to Africa

Imports in kind, K t

Africa's palm kernel or babassu oil and fractions import volume declined for the second consecutive year. In 2020, imports stood at 80.7 K t, a moderate decline of 3.3% year-over-year. Between 2017 and 2020, imports decreased by 27.5%, with an annualized rate of -10.2%. The highest volume was recorded in 2018 at 141.7 K t. The largest decline occurred in 2019 at 41.0%, while the largest increase was in 2018 at 27.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	27.2%	(41.0%)	(3.3%)	(10.2%)

Source: SHEV.io

Throughout 2017-2020, Indonesia was the main supplier of palm kernel or babassu oil and fractions to Africa, accounting for 72.9% of total imports in volume. Other partners had relatively modest shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After a two-year decline, palm kernel or babassu oil and fractions deliveries to Africa increased. In 2020, import value was recorded at 69.6 M $ US, a gradual rise of 5.0% compared to 2019. Between 2017 and 2020, imports decreased by 56.8%, with an annualized rate of -24.4%. The lowest value was in 2019 at 66.3 M $ US. The largest decline occurred in 2019 at 54.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.8%)	(54.9%)	5.0%	(24.4%)

Source: SHEV.io

Over 2017-2020, imports of palm kernel or babassu oil and fractions to Africa in value terms were largely concentrated on Indonesia, which accounted for 72.2% of total flows; other countries together formed the residual share.

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

Source: SHEV.io

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

Source: SHEV.io