How much palm kernel oil does Thailand produce and export?
Thailand is the 3rd largest producer of palm kernel oil: 308,400 tonnes in 2023, 3.7% of the world's 8.4 million tonnes (FAOSTAT). It is the 2nd largest exporter by value: $156.8 million in 2024, 14% of world exports of crude palm kernel oil (HS 151321) (CEPII BACI). Its biggest customer is Malaysia, which takes 73% of its palm kernel oil exports by value.
All about palm kernel oil · All about Thailand · Palm kernel oil price history
Thailand's palm kernel oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3 | 308,400 tonnes | 3.7% | +5.6% 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 |
|---|---|---|---|---|
| 1.3% | 1.9% | 2.4% | 3.2% | 3.7% |
Thailand's palm kernel oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $156.8 million | 14% | 137,239 t | $1,142 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 151321 (Crude palm kernel and babassu oil).
Where Thailand's palm kernel oil goes
How much palm kernel oil Thailand uses
Thailand's domestic supply of palm kernel oil was 200 thousand tonnes in 2023, 2.3% of the world's. Food supply was 0.1 kg per person a year, 32nd highest of 82 countries with a million or more people. It produced 150% of what it used (self-sufficiency) and imported 2%. FAO's item is "Palm kernel oil". Consumption · Self-sufficiency.
The palm kernel oil price Thailand 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, "Thailand palm kernel oil: production, exports and prices", https://commodityorigins.com/countries/THA/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.