Market research

Palm oil and fractions market in Asia, 2026

$Palm oil and fractions market in Asia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

"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 Asian palm oil market volume exhibited significant fluctuations from 2018 to 2023. After a moderate increase to 56.3 million tonnes in 2019, consumption dropped sharply to 44.4 million tonnes in 2020. A robust recovery followed in 2021, lifting the market to 63.6 million tonnes, before another contraction in 2022 brought volumes down to 53.6 million tonnes. The market regained strength in 2023, reaching 63.7 million tonnes.

The strong market expansion in 2021 was primarily driven by growing demand from the food and beverage industries, coupled with rising consumption fueled by population growth and demographic shifts in major economies like India and China. The increased accessibility and economical pricing of fractionated palm oil further supported overall market growth during this period.

Key developments in 2024 included the launch of India's first integrated oil palm processing unit in Arunachal Pradesh and new plantation programs in Odisha, aimed at boosting domestic production. Sustainability initiatives gained momentum through partnerships like the RSPO-IVPA MoU to promote certified palm oil, while technological advances in traceability and processing emerged. Environmental factors such as El Niño weather effects impacted yields in Indonesia, and regulatory measures including the EU's deforestation-free regulation began influencing regional demand patterns.

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 oil and fractions in Asia

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

Asia's production of palm oil and fractions saw a two-year increase before declining. In 2019, production reached its peak at 70 340 thousand tonnes, with the largest annual increase of 11.4% recorded that year. However, in 2020, production fell to 66 910 thousand tonnes, marking a moderate year-over-year decline of 4.9%. Over the entire period from 2017 to 2020, production grew by 10.1%, which translates to a compound annual growth rate of 3.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.9%	11.4%	(4.9%)	3.3%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of palm oil and fractions production in Asia was 61 214 million US dollars, down by 25.3% compared to the previous year. The largest increase occurred in 2019, at 1.1%. From 2017 to 2020, overall production value decreased by 26.4%, equating to an annualized decline rate of 9.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.6%)	1.1%	(25.3%)	(9.7%)

Source: SHEV.io

Exports palm oil and fractions from Asia

Exports in kind, K t

Asia's export volume of palm oil and fractions increased for the second consecutive year. In 2018, exports hit their lowest point at 20 139 thousand tonnes, with the largest decline of 4.2% recorded that year. By 2020, exports rose to 30 375 thousand tonnes, showing a sharp uptick of 48.3% compared to the previous year. Over the period from 2017 to 2020, exports grew by 44.5%, which corresponds to an annualized growth rate of 13.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.2%)	1.7%	48.3%	13.1%

Source: SHEV.io

From 2017 to 2020, the Netherlands, Spain, and Italy were notable but not dominant buyers of palm oil and fractions from Asia. The Netherlands accounted for 4.1% of exports in kind, Spain for 3.4%, and Italy for 3.1%. Together, their joint share reached only 10.7% of total exports in kind.

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, the value of palm oil and fractions exports from Asia increased. In 2019, exports reached their minimum at 23 847 million US dollars, with the largest decline of 10.2% recorded in 2018. In 2020, exports totalled 27 789 million US dollars, marking a rise of 16.5% compared to 2019. Over the period from 2017 to 2020, exports decreased by 3.4%, with a compound annual growth rate of 1.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.2%)	(7.7%)	16.5%	(1.1%)

Source: SHEV.io

Throughout 2017 to 2020, exports in value terms of palm oil and fractions from Asia were not heavily concentrated on a few key markets. The Netherlands represented 4.1% of exports in value terms, Spain 3.4%, and Italy 3.1%. Collectively, these three countries accounted for only 10.7% 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 Asia in value, 2017-2020

Source: SHEV.io

Imports palm oil and fractions to Asia

Imports in kind, K t

After a two-year decline, cross-border shipments of palm oil and fractions into Asia increased. In 2019, imports hit their lowest point at 6 394 thousand tonnes, with the largest decline of 43.0% recorded that year. In 2020, imports amounted to 7 909 thousand tonnes, reflecting an advance of 23.7% compared to 2019. Over the period from 2017 to 2020, imports decreased by 34.3%, with a compound annual growth rate of 13.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.8%)	(43.0%)	23.7%	(13.1%)

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 decline, the value of palm oil and fractions imports into Asia increased. In 2019, imports reached their minimum at 10 930 million US dollars, with the largest decline of 7.2% recorded in 2018. In 2020, imports came to 12 623 million US dollars, which is 15.5% greater than the previous year.

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