The main destinations of South Africa exports on Palm Oil were Zimbabwe ($15.3M), Zambia ($5.3M), Namibia ($1.72M), Eswatini ($1.67M), and Botswana ($1.49M). In 2022, South Africa imported $618M in Palm Oil, mainly from Indonesia ($483M), Malaysia ($132M), Singapore ($971k), Italy ($462k), and Sweden ($295k).
Where does palm oil come from?
Although 85% of the world’s palm oil comes from Malaysia and Indonesia, the palm oil plant is native to West Africa. It thrives in the same warm, damp equatorial climate as some of the planet’s most biodiverse and carbon-rich tropical forests.
What is the Africa palm oil initiative (Apoi)?
To address this in Africa where there was an acceleration of oil palm expansion from the early 2010s, the Tropical Forest Alliance (TFA) Africa Palm Oil Initiative (APOI) is contributing to the creation of an environment that makes it possible for expansion of oil palm in Africa to be sustainable.
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.