palm oil industry-cpo production export in Namibia

Palm Oil in Namibia The Observatory of Economic Complexity

  • palm oil industry-cpo production export in Namibia
  • palm oil industry-cpo production export in Namibia
  • palm oil industry-cpo production export in Namibia
  • palm oil industry-cpo production export in Namibia

World CPO Production Council of Palm Oil Producing

ACOP 2022: CSPO Production Hits 15 million MT Milestone

Palm Oil Our World in Data

Commodifying sustainability: Development, nature

  • What is the global palm oil market size?
  • The global palm oil market size was valued at USD 70.44 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries.
  • Which countries export the most palm oil?
  • More than 60% of palm oil production was exported in 2020, providing an important source of foreign exchange revenue for exporting countries. Indonesia, Malaysia, and Guatemala have been the largest exporting countries since 2016, shipping 25.5 Mt, 13.5 Mt, and 0.8 Mt, respectively, in 2021.
  • How big is the palm oil industry in 2021?
  • The palm oil sector grew to a market value exceeding USD 50 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of at least 4%, reaching USD 65 billion by 2027 (Research and Markets, 2022). More than 7 million smallholders globally cultivate oil palm as their main form of livelihood (RSPO, 2022b).
  • Does palm oil production contribute to economic development in Indonesia?
  • Kasryno (2015), in a consultation report for the palm oil industry, observes that the “expansion of palm oil production hascontributed significantly to rural, regional, and national economic development in Indonesia through the provision of employment, net production value added, and foreign exchange earnings”.

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