How much palm kernel oil does Malaysia produce and export?
Malaysia is the 2nd largest producer of palm kernel oil: 2.1 million tonnes in 2023, 25% of the world's 8.4 million tonnes (FAOSTAT). It is the largest exporter by value: $314.8 million in 2024, 29% of world exports of crude palm kernel oil (HS 151321) (CEPII BACI). Its biggest customer is India, which takes 30% of its palm kernel oil exports by value.
All about palm kernel oil · All about Malaysia · Palm kernel oil price history
Malaysia's palm kernel oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 2 | 2.1 million tonnes | 25% | -0.7% a year | 2023 |
FAOSTAT Crops and livestock products (QCL), 2023. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2023 |
|---|---|---|---|---|
| 49% | 50% | 39% | 28% | 25% |
Malaysia's palm kernel oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 1 | $314.8 million | 29% | 250,701 t | $1,256 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 151321 (Crude palm kernel and babassu oil).
Where Malaysia's palm kernel oil goes
| Destination | Value | Share of Malaysia's exports |
|---|---|---|
| India | $96M | 30% |
| Germany | $78M | 25% |
| China | $62M | 20% |
| Netherlands | $40M | 13% |
| Kenya | $15M | 4.7% |
Malaysia as a buyer of palm kernel oil
Malaysia imported $132.5 million of crude palm kernel oil (HS 151321) in 2024, 12% of world imports, ranked #3. Largest sources: Thailand (86%), Indonesia (6.8%), Papua New Guinea (3.9%), Singapore (1.6%), Philippines (1.5%).
How much palm kernel oil Malaysia uses
Malaysia's domestic supply of palm kernel oil was 1.6 million tonnes in 2023, 19% of the world's. Food supply was 4.4 kg per person a year, 1st highest of 82 countries with a million or more people. It produced 128% of what it used (self-sufficiency) and imported 11%. FAO's item is "Palm kernel oil". Consumption · Self-sufficiency.
The palm kernel oil price Malaysia sells into
The benchmark price, Malaysia, CIF Rotterdam, was $2,355/t in September 2026, down 2% over twelve months. Its five-year volatility is 32% a year, calmer in 63% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Palm kernel oil price history.
Cite as: Commodity Origins, "Malaysia palm kernel oil: production, exports and prices", https://commodityorigins.com/countries/MYS/palm-kernel-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.