Market research

Palm kernel or babassu oil and fractions market in Madagascar

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

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

From 2018 to 2020, the market volume for palm kernel and babassu oil in Madagascar declined from 644.2 t to 597.6 t, while domestic production remained relatively stable between 580 t and 598 t. The presence of the state-involved company Savonnerie Tropicale, with its own crude palm oil extraction and bio palm kernel oil units, supported local production capacity. By 2020, the export-oriented essential oils sector, where 95% of output was shipped abroad, indirectly influenced the broader vegetable oils market, potentially diverting focus and resources.

Between 2021 and 2023, market volume fluctuated, peaking at 663.3 t in 2021 due to a surge in imports to 84.7 t, before receding to 627.8 t by 2023. Domestic production recovered modestly to 587.4 t. Industry reports highlighted strong growth prospects and planned export expansion for essential oils, reflecting sustained investment interest in plant-based processing that provided secondary support to the vegetable oil sector's infrastructure.

In 2024, imports of edible oils soared to 173.8 t, prompting domestic producers to call for safeguard measures. This surge coincided with the trial-phase launch of the new Oil Mada processing plant in Toamasina, marking the entry of a new player with a capacity of 2.5 t of peanut oil per day, which expanded local refining potential. Simultaneously, higher edible oil prices linked to global supply-demand imbalances further stimulated import activity to meet local consumption needs.

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 Madagascar
  1. 5.1.1. Annual dynamics of production in Madagascar in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Madagascar 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ 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 Madagascar, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Madagascar 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ 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 Madagascar, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Madagascar 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ 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 Madagascar, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Madagascar 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ 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 Madagascar, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 Madagascar

In kind, 2017-2020, 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

Madagascar's production of palm kernel or babassu oil and fractions increased after a two-year decline. In 2019, production reached its lowest point at 580.9 tonnes, marking a 3.6% decrease. By 2020, output had risen to 597.6 tonnes, representing a modest 2.9% increase from the previous year.

Annual dynamics of production in Madagascar in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.1%)	(3.6%)	2.9%	(0.3%)

Source: SHEV.io

Exports palm kernel or babassu oil and fractions from Madagascar

Exports in kind, kg

In 2020, Madagascar exported 14 kg of palm kernel or babassu oil and fractions, showing no significant change from 2019. Over the period from 2018 to 2020, exports fell by 76.3%, with a compound annual growth rate of -38.1%.

Annual dynamics of product's exports from Madagascar in kind, 2017-2020, kg

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

Source: SHEV.io

From 2017 to 2020, Comoros and France dominated Madagascar's exports in kind, together accounting for 100.0% of the total volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Madagascar's exports of palm kernel or babassu oil and fractions in value terms remained virtually unchanged in 2020 at 0.2 thousand US dollars compared to 2019. Between 2018 and 2020, export value surged by 295.9%, with a compound annual growth rate of 58.2%.

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

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

Source: SHEV.io

During 2017–2020, France was the primary market for Madagascar's exports in value terms, capturing 79.8% of total flows, while Comoros accounted for 20.2%, together making up 100.0% of exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports palm kernel or babassu oil and fractions to Madagascar

Imports in kind, kg

Madagascar's imports of palm kernel or babassu oil and fractions declined for the second consecutive year. In 2019, imports totaled 40 000 kg, a slight decrease of 4.8% from the previous year. From 2017 to 2019, import volume dropped by 51.2%, equivalent to an annualized decline of 21.3%.

Annual dynamics of product's imports to Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(48.8%)	(4.8%)	n/a	-

Source: SHEV.io

Between 2017 and 2020, Indonesia was the sole source of Madagascar's imports in kind, supplying 100.0% of the total volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Madagascar's imports of palm kernel or babassu oil and fractions in value terms fell for the second year in a row. In 2019, import value reached 31.8 thousand US dollars, a sharp decline of 37.4% from the year before. From 2017 to 2019, import value plummeted by 77.8%, translating to an annualized decrease of 39.4%.

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