"Americas" region includes following countries:
Earlier Report Observations
The market for palm kernel and babassu oil in the Americas expanded from 510 thousand tons in 2018 to a peak of 623 thousand tons in 2021, supported by rising production and imports. This upward trend reversed in 2022, with the market volume contracting to 504 thousand tons before stabilizing near 498 thousand tons in 2023.
Global supply constraints significantly influenced the market, as reduced palm oil output in Indonesia and Malaysia—due to adverse weather and increased domestic biofuel consumption—tightened availability and pressured prices. Simultaneously, regulatory shifts in the United States, including the FDA's December 2024 revision of the 'healthy' nutrient content claim to permit oils with up to 20% saturated fat, drove product reformulation toward more expensive interesterified blends.
Regional trade flows and consumer preferences further shaped dynamics. Mexico's key states, such as Mexico City and State of Mexico, maintained active international trade with partners like Guatemala and the United States. In Brazil, cheaper imported palm kernel oil gained ground over domestic babassu oil, while in North America, demand for certified sustainable palm oil (CSPO) remained robust, supported by growing consumer interest in natural and healthy vegetable oils.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Americas
- 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Americas
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production palm kernel or babassu oil and fractions in Americas
In kind, 2017-2020, K t
Top producers of palm kernel or babassu oil and fractions, 2017-2020
World map of production of palm kernel or babassu oil and fractions, 2017-2020
Palm kernel or babassu oil and fractions production in the Americas has increased for the second consecutive year. In 2020, production reached 489.5 K t, remaining nearly unchanged from the previous year. Between 2017 and 2020, production grew by 5.9%, which translates to an annualized rate of 1.9%. The lowest production level was recorded in 2018 at 462.0 K t. The largest decline occurred in 2018 with a 0.0% decrease, while the largest increase was in 2019 with a 5.8% rise.
Annual dynamics of production in Americas in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.0%) | 5.8% | 0.1% | 1.9% |
In value, 2017-2020, M $ US
After a two-year decline, palm kernel or babassu oil and fractions production in the Americas has rebounded. In 2020, the output was valued at 426.4 M $ US, marking a 1.3% increase compared to 2019. Over the period from 2017 to 2020, production decreased by 31.5%, with a compound annual growth rate (CAGR) of -11.8%. The lowest value was recorded in 2019 at 420.9 M $ US, which also saw the largest decline of 20.3%.
Annual dynamics of production in Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (15.1%) | (20.3%) | 1.3% | (11.8%) |
Exports palm kernel or babassu oil and fractions from Americas
Exports in kind, K t
Following a two-year decline, exported volumes of palm kernel or babassu oil and fractions from the Americas have increased. In 2020, exports stood at 206.0 K t, representing a 21.3% uptick compared to 2019. Over the 2017-2020 period, exports decreased by 2.9%, with a CAGR of -1.0%. The minimum value was recorded in 2019 at 169.8 K t, which also experienced the largest decline of 17.3%.
Annual dynamics of product's exports from Americas in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.3%) | (17.3%) | 21.3% | (1.0%) |
From 2017 to 2020, exports in kind of palm kernel or babassu oil and fractions from the Americas were widely dispersed across partner countries. The Netherlands accounted for 26.3% of exports, Germany for 5.5%, and Italy for 4.8%, together representing only 36.7% of total flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Americas in kind, 2017-2020
Exports in value, M $ US
After a two-year decline, cross-border shipments of palm kernel or babassu oil and fractions from the Americas have increased. In 2020, exports totalled 179.4 M $ US, indicating a strong year-over-year uptick of 22.8%. Over the 2017-2020 period, exports decreased by 37.2%, with a CAGR of -14.4%. The minimum value was recorded in 2019 at 146.2 M $ US, which also saw the largest decline of 37.8%.
Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (17.8%) | (37.8%) | 22.8% | (14.4%) |
Over the 2017–2020 period, the Netherlands was the largest buyer with 29.1% of exports in value terms, followed by Germany at 5.0% and Italy at 4.3%. Together, these three countries accounted for 38.4% of total exports, but they did not dominate the market, as there was a broad background of smaller partners.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Americas in value, 2017-2020
Imports palm kernel or babassu oil and fractions to Americas
Imports in kind, K t
After a two-year decline, foreign supplies of palm kernel or babassu oil and fractions to the Americas have increased. In 2020, imports reached a total of 251.4 K t, which is 17.7% higher compared to the previous year. Over the 2017-2020 period, imports increased by 13.5%, with a CAGR of 4.3%. The minimum value was recorded in 2019 at 251.4 K t, while the largest decline occurred in 2018 with a 2.9% decrease.
Annual dynamics of product's imports to Americas in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.9%) | (0.6%) | 17.7% | 4.3% |
From 2017 to 2020, Indonesia and Malaysia played leading roles in imports in kind of palm kernel or babassu oil and fractions to the Americas, jointly accounting for 74.3% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Americas in kind, 2017-2020
Imports in value, M $ US
After a two-year fall, the volume of palm kernel or babassu oil and fractions imports to the Americas has increased. In 2020, imports reached 266.7 M $ US, up by 16.8% compared to the previous year. Between 2017 and 2020, imports decreased by 28.3%, equating to an annualized rate of -10.5%. The minimum value was recorded in 2019 at 228.3 M $ US, which also experienced the largest decline of 28.4%.
Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (14.3%) | (28.4%) | 16.8% | (10.5%) |
In the 2017–2020 period, two main sources—Indonesia and Malaysia—together accounted for 76.0% of total imports in value terms of palm kernel or babassu oil and fractions to the Americas.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Americas in value, 2017-2020
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