Market research

Palm kernel or babassu oil and fractions market in Asia

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

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The market volume for palm kernel or babassu oil and fractions in Asia stood at 5 789 thousand tons in 2018. It increased sharply to 6 908 thousand tons in 2019. In 2020, volume fell to 5 498 thousand tons, coinciding with industry efforts in Indonesia to accelerate the delivery of sustainably produced palm oil, highlighting a shift toward sustainability policies.

Market volume dropped further to 5 339 thousand tons in 2021. A turnaround occurred in 2022, with volume rising to 6 301 thousand tons as the EU prepared deforestation-free supply chain rules set for 2024, affecting palm oil trade. Demand for palm kernel expeller also softened in key sectors. By 2023, volume reached 6 466 thousand tons, supported by higher Indonesian palm oil production and rising local consumption for food, oleochemicals, and biodiesel. Major producer PT Sumber Tani Agung Resources Tbk (STAA) announced refinery expansion plans to boost output of refined palm oil products.

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 Asia
  1. 5.1.1. Annual dynamics of production in Asia 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 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. 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 China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China 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 China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China 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 China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China 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 China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China 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 Asia

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

Asia's production of palm kernel or babassu oil and fractions saw a two-year increase before declining. In 2019, production reached its peak at 7 212 K t. However, by 2020, it had fallen to 6 944 K t, marking a 3.7% decrease from the previous year. Over the period from 2017 to 2020, overall production grew by 7.6%, which translates to an average annual increase of 2.5%. The most significant growth occurred in 2018, with an 8.0% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.0%	3.5%	(3.7%)	2.5%

Source: SHEV.io

Exports palm kernel or babassu oil and fractions from Asia

Exports in kind, K t

The data shows irregular changes, reflecting a volatile market environment. Export volumes varied significantly, with the lowest point in 2019 at 1 102 K t and a 2.1-fold difference from the high in 2017. In 2020, Asia exported 2 041 K t of palm kernel or babassu oil and fractions, representing an 85.1% increase compared to 2019. The largest decline was recorded in 2019, at 44.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.2%)	(44.2%)	85.1%	(3.5%)

Source: SHEV.io

From 2017 to 2020, Asia's exports of palm kernel or babassu oil and fractions in kind were distributed across many countries. The top three destinations—the Netherlands (16.6% of exports in kind), the United States (10.8%), and Brazil (7.4%)—collectively accounted for only 34.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, palm kernel or babassu oil and fractions exports in Asia rebounded. In 2019, exports hit their lowest point at 1 725 M $ US. By 2020, they had increased to 2 088 M $ US, showing a strong gain of 21.0% from the previous year. Over the period from 2017 to 2020, exports decreased by 34.8%, equating to an annualized rate of 13.3%. The largest decline occurred in 2019, at 30.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.7%)	(30.3%)	21.0%	(13.3%)

Source: SHEV.io

During 2017–2020, the Netherlands (16.9% of exports in value terms), the United States (11.8%), and Brazil (7.4%) were key buyers of palm kernel or babassu oil and fractions from Asia. However, their combined share reached only 36.2% of total exports in value terms, with the remaining 63.8% spread among numerous other partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports palm kernel or babassu oil and fractions to Asia

Imports in kind, K t

In 2020, Asia's imports of palm kernel or babassu oil and fractions in kind reached 595 K t, showing a sudden decline of 25.5% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 42.5%, with a compound annual growth rate (CAGR) of -16.8%. The largest increase was recorded in 2019, at 0.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.0%)	0.3%	(25.5%)	(16.8%)

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After a two-year contraction, imported volumes of palm kernel or babassu oil and fractions in Asia increased. In 2019, imports were at their minimum value of 1 062 M $ US. By 2020, they had risen to 1 093 M $ US, up by 2.9% from the previous year. Over the period from 2017 to 2020, imports decreased by 31.8%, with a CAGR of -12.0%. The largest decline was recorded in 2019, at 27.6%.

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