Market research

Palm kernel or babassu oil and fractions market in China

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

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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Earlier Report Observations

The market for palm kernel and babassu oil in China expanded sharply in 2019, reaching 945.7 thousand tons, a 23% increase from 2018. This growth was driven by government policies promoting biodiesel, which raised demand for palm oil as a feedstock.

After the 2019 peak, market volume contracted over the next three years, falling to 552.9 thousand tons in 2022, a 42% drop from the high. Imports, which constitute the bulk of supply, declined from 929.4 thousand tons in 2019 to 535.2 thousand tons in 2022.

A recovery occurred in 2023, with market size rebounding to 737.3 thousand tons, up 33% year-on-year. By 2024, the market was influenced by new national quality standards for palm kernel oil and biodiesel blending mandates in key producing countries like Indonesia, affecting supply flows and prices.

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 China
  1. 5.1.1. Annual dynamics of production in China in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in China in value, 2018-2023, $ US
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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
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 China

In kind, 2017-2020, t

Between 2017 and 2020, China was among the world's leading producers of palm kernel or babassu oil and fractions, ranking 16th globally by production volume.

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

China's production of palm kernel or babassu oil and fractions declined for the second consecutive year. In 2020, production reached 16 142 tonnes, a slight decrease of 0.7% compared to 2019. Over the period from 2017 to 2020, production fell by 38.3%, which translates to an annualized decline of 14.9%. The highest production level was recorded in 2018 at 26 985 tonnes. The largest year-on-year decrease occurred in 2019, with a drop of 39.8%, while the largest increase was in 2018, at 3.2%.

Annual dynamics of production in China 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 or babassu oil and fractions from China

Exports in kind, K t

Exports of palm kernel or babassu oil and fractions from China increased for the second consecutive year. In 2020, exports totaled 0.0 thousand tonnes, marking a sharp rise of 207.1% compared to the previous year. From 2018 to 2020, exports surged by 8 236.7%, with a compound annual growth rate of 336.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	2 614.3%	207.1%	-

Source: SHEV.io

From 2017 to 2020, Vietnam was the dominant buyer of palm kernel or babassu oil and fractions from China, accounting for 95.6% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Export revenues from palm kernel or babassu oil and fractions in China rose for the second year in a row. In 2020, exports amounted to 0.0 million US dollars, indicating a sharp increase of 194.1% compared to 2019. Between 2018 and 2020, export values grew by 292.5%, equating to an annualized rate of 57.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	33.5%	194.1%	-

Source: SHEV.io

Over the 2017–2020 period, Vietnam remained the key partner for China's exports of palm kernel or babassu oil and fractions in value terms, holding an 80.9% share of total flows, while other markets contributed to a long tail of smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports palm kernel or babassu oil and fractions to China

Imports in kind, K t

After two years of growth, imports of palm kernel or babassu oil and fractions into China declined. In 2020, imports amounted to 742.1 thousand tonnes, representing a solid drop of 20.2% from the previous year. From 2017 to 2020, imports increased by 20.6%, with a compound annual growth rate of 6.5%. The peak import volume was recorded in 2019 at 929.4 thousand tonnes, which also saw the largest year-on-year increase of 24.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.9%	24.9%	(20.2%)	6.5%

Source: SHEV.io

Between 2017 and 2020, Indonesia and Malaysia dominated China's imports of palm kernel or babassu oil and fractions in volume terms, together accounting for 99.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Import expenditures on palm kernel or babassu oil and fractions in China fell for the third consecutive year. In 2020, import value totaled 578.2 million US dollars, showing a decline of 9.9% relative to the prior year. Over the period from 2017 to 2020, imports decreased by 29.5%, with an annualized decline rate of 11.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.9%)	(15.1%)	(9.9%)	(11.0%)

Source: SHEV.io

From 2017 to 2020, Indonesia and Malaysia formed the core of China's imports of palm kernel or babassu oil and fractions in value terms, together making up 99.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io