Top 10 Palm Oil Consuming Countries in the World 2022/2023: Indonesia Leads

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Nabilah Muhamad 21/07/2023 13:20 WIB

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According to the USDA, Indonesia is recorded as the world's largest consumer of palm oil, with domestic consumption reaching 18.69 million metric tons in 2022/2023.

Top 10 Palm Oil Consuming Countries in the World (2022/2023)

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Top 10 Palm Oil Consuming Countries in the World 2022/2023: Indonesia Leads

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Top 10 Palm Oil Consuming Countries in the World (2022/2023)

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According to the United States Department of Agriculture (USDA) report, global palm oil production is projected to reach 244.5 million metric tons in 2022/2023.

Meanwhile, global palm oil consumption was recorded at 75.22 million metric tons.

Global consumption increased by approximately 7.93% year-on-year (yoy) compared to the previous period, which reached 72.96 million metric tons in 2021/2022.

Indonesia was the world's largest consumer of palm oil in 2022/2023, at 18.69 million metric tons, or 24.84% of total global palm oil consumption.

Indonesia's domestic palm oil consumption volume has also consistently been the highest for the three previous periods.

Other countries with the highest palm oil consumption globally include China, the European Union, Malaysia, Pakistan, Thailand, the United States, Nigeria, and Bangladesh, with details as shown in the graph.

(Read also: Indonesia's Rice Consumption is the Fourth Highest in the World in 2022/2023)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."