Market research

Palm oil and fractions market in South America

$Palm oil and fractions market in South America$

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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"South America" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Earlier Report Observations

From 2018 to 2020, the Mexican palm oil and fractions market volume expanded rapidly, reaching 2 752 thousand tonnes in 2020. This growth was primarily driven by rising consumption in processed food, personal care, and biofuel sectors, alongside increasing consumer preference for eco-friendly products and public investment in palm cultivation.

Growth continued into 2021, though at a slower pace to 3 094 thousand tonnes, partially due to global supply chain disruptions from the pandemic. In 2022, the market stabilized at 3 034 thousand tonnes, influenced by climatic factors affecting production. The market then contracted to 2 168 thousand tonnes in 2023.

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 South America
  1. 5.1.1. Annual dynamics of production in South America 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 Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina 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 Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina 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 Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina 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 Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina 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 Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina 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 Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina 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 Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina 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 Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina 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 Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina 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 Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina 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 Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina 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 Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina 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 South America

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

South America produced 2 967 K t of palm oil and fractions in 2020, marking a modest year-over-year increase of 7.6%. Production reached its lowest point in 2019 at 2 758 K t, which saw the largest decline of 3.1%. Over the period from 2017 to 2020, production grew by 6.3%, translating to an annualized growth rate of 2.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.0%	(3.1%)	7.6%	2.0%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output of palm oil and fractions in South America was valued at 3 413 M $ US, showing a sharp year-over-year rise of 26.9%. The lowest value was recorded in 2019 at 2 689 M $ US, which experienced the largest decline of 16.7%. From 2017 to 2020, production increased by 6.7%, with a compound annual growth rate (CAGR) of 2.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.9%	(16.7%)	26.9%	2.2%

Source: SHEV.io

Exports palm oil and fractions from South America

Exports in kind, K t

Palm oil and fractions exports from South America declined for the second consecutive year in 2020, totaling 750 K t, which represents a 15.6% decrease compared to 2019. Exports peaked in 2018 at 1 198 K t, with the largest increase of 26.1% recorded that year. The largest decline occurred in 2019 at 25.8%. Over the 2017-2020 period, exports decreased by 21%, equating to an annualized decline rate of 7.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	26.1%	(25.8%)	(15.6%)	(7.6%)

Source: SHEV.io

From 2017 to 2020, the structure of palm oil and fractions exports from South America in kind was diversified, with no single country holding a clearly dominant position. The Netherlands accounted for 25.7% of exports, Spain for 9.0%, and Mexico for 8.7%, together making up 43.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, South America's palm oil and fractions exports increased in 2020, reaching 604.2 M $ US, a significant 11.7% advance compared to 2019. The lowest value was recorded in 2019 at 540.7 M $ US, which saw the largest decline of 23.7%. Over the 2017-2020 period, exports decreased by 14.8%, with a compound annual growth rate (CAGR) of -5.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.1%)	(23.7%)	11.7%	(5.2%)

Source: SHEV.io

From 2017 to 2020, the Netherlands was the largest buyer of palm oil and fractions from South America in value terms, accounting for 23.3% of exports, followed by Mexico at 8.5% and Spain at 7.7%. Together, these three countries represented 39.5% of total exports, but against a broad background of smaller partners, no single buyer held a dominant position.

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

Source: SHEV.io

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

Source: SHEV.io

Imports palm oil and fractions to South America

Imports in kind, K t

South America's palm oil and fractions imports increased for the second consecutive year in 2020, totaling 534 K t, up by 41.6% compared to 2019. Imports reached their lowest point in 2018 at 297 K t, which saw the largest decline of 31.8%. Over the 2017-2020 period, imports grew by 22.6%, equating to an annualized growth rate of 7.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(31.8%)	27.0%	41.6%	7.0%

Source: SHEV.io

From 2017 to 2020, Indonesia was the principal source for palm oil and fractions imports into South America in kind, accounting for 20.1% of imports, followed by Malaysia at 4.6% and Guatemala at 3.3%. Together, these three countries accounted for 28.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2020, cross-border shipments of palm oil and fractions into South America reached 442.4 M $ US, representing a steep 32.1% increase compared to the previous year. The minimum value was recorded in 2019 at 335.0 M $ US, which experienced the largest decline of 27.0%, while the maximum value occurred in 2018 at 458.8 M $ US. Over the 2017-2020 period, imports increased by 16.2%, equating to an annualized growth rate of 5.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.4%	(27.0%)	32.1%	5.1%

Source: SHEV.io

From 2017 to 2020, Indonesia consistently remained the main destination for palm oil and fractions imports into South America in value terms, accounting for 19.4% of imports, followed by Malaysia at 5.6% and Denmark at 4.6%. Together, these three countries accounted for 29.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io