Market research

Palm oil and fractions market in Africa

$Palm oil and fractions market in Africa$

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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"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

The African palm oil market volume showed considerable variation from 2018 to 2023, starting at 9 057 thousand tonnes. It fell to 8 673 thousand tonnes in 2019, then rose to a peak of 9 566 thousand tonnes in 2020. Volumes declined over the next two years, reaching 8 365 thousand tonnes in 2022.

A rebound to 9 353 thousand tonnes occurred in 2023, coinciding with increased consumer focus on sustainable palm oil in South Africa. The growing demand for RSPO-certified products prompted changes in industry labeling and marketing, which supported market volume. Price sensitivity and skepticism toward certification among some consumers tempered the pace of this shift.

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 oil and fractions in Africa

In kind, 2017-2020, K t

Top producers of palm oil and fractions, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2019, Africa's palm oil and fractions production reached its lowest point at 3 132 K t, with the largest decline of 9.3% recorded that year. Production peaked in 2018 at 3 452 K t, marking the largest increase of 3.1%. By 2020, output had recovered to 3 229 K t, showing a 3.1% increase over the previous year. Over the 2017-2020 period, overall production decreased by 3.6%, translating to a compound annual growth rate of 1.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.1%	(9.3%)	3.1%	(1.2%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decline, Africa's palm oil and fractions production saw a moderate increase in 2020, valued at 4 705 M $ US, up 4.6% from the previous year. The lowest value was recorded in 2019 at 4 497 M $ US, which also saw the largest decline of 25.5%. Between 2017 and 2020, production decreased by 24.6%, equivalent to an annualized rate of 9.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.3%)	(25.5%)	4.6%	(9.0%)

Source: SHEV.io

Exports palm oil and fractions from Africa

Exports in kind, K t

Africa's palm oil and fractions exports have grown for the third consecutive year. In 2020, exports reached 494 K t, an 8.3% increase from 2019. Over the 2017-2020 period, exports surged by 92.4%, with a compound annual growth rate of 24.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.6%	54.9%	8.3%	24.4%

Source: SHEV.io

From 2017 to 2020, the Netherlands and Spain each accounted for 1.5% of Africa's palm oil and fractions exports in kind, while Italy contributed 0.8%. Together, these three countries represented 3.8% of total export flows.

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

For the third year in a row, Africa's palm oil and fractions exports in value terms have increased. In 2020, exports amounted to 719 M $ US, a modest rise of 9.9% compared to 2019. Between 2017 and 2020, exports grew by 50.3%, with a compound annual growth rate of 14.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.5%	27.2%	9.9%	14.6%

Source: SHEV.io

During 2017-2020, the Netherlands led with 1.6% of Africa's palm oil and fractions exports in value terms, followed by Spain at 1.1% and Italy at 0.6%. Combined, these three countries made up 3.3% of total export 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 oil and fractions to Africa

Imports in kind, K t

Africa's palm oil and fractions imports have risen for the third consecutive year. In 2020, imports totaled 6 830 K t, a 13.9% increase year-over-year. Over the 2017-2020 period, imports increased by 20.8%, with a compound annual growth rate of 6.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.4%	1.6%	13.9%	6.5%

Source: SHEV.io

From 2017 to 2020, Indonesia and Malaysia dominated Africa's palm oil and fractions imports in kind, jointly accounting for 87.6% of total flows, with the remainder distributed among other markets.

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

In 2019, Africa's palm oil and fractions imports in value terms hit their lowest point at 4 006 M $ US, with the largest decline of 13.1% recorded that year. By 2020, imports had rebounded sharply to 5 120 M $ US, a 27.8% increase over the previous year. Between 2017 and 2020, imports grew by 11.8%, equivalent to an annualized rate of 3.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.6%	(13.1%)	27.8%	3.8%

Source: SHEV.io

Throughout 2017-2020, Indonesia and Malaysia remained the primary sources for Africa's palm oil and fractions imports in value terms, jointly representing 86.8% of total flows, while other partners held significantly smaller shares.

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