Imports In 2022, South Africa imported $618M in Palm Oil, becoming the 21st largest importer of Palm Oil in the world. At the same year, Palm Oil was the 26th most imported product in South Africa. South Africa imports Palm Oil primarily from: Indonesia ($483M), Malaysia ($132M), Singapore ($971k), Italy ($462k), and Sweden ($295k).
Why do African countries want to raise palm oil production?
Since the last decade, countries from the African oil palm belt have been firmly determined to raise Africa’s production of palm oil not only to ensure a sufficiency of oils and fats for its populations, but also to regain its share in the world market for vegetable oils.
What happened to South Africa’s palm oil exports in 2023 & 2024?
Between January 2023 and January 2024 the exports of South Africa ‘s Palm Oil have increased by ZAR3.88M (16.7%) from ZAR23.2M to ZAR27.1M, while imports increased by ZAR317M (149%) from ZAR212M to ZAR530M.
When did the oil palm industry start in Indonesia?
The later rise of the oil palm industry in Indonesia occurred during the twenty-first century when there was a>5-fold increase in oil production from 8.3 Mt in 2000 to 43.5 Mt in 2020.