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Where does palm oil come from?
Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes).84% of global palm oil production comes from Indonesia and Malaysia. In the chart we see the production of the palm oil plant across a number of countries. Other producers include Thailand, Colombia, Nigeria, Guatemala, and Ecuador.
How has palm oil changed over the past 50 years?
Palm oil production has increased rapidly over the past 50 years. In 1970, the world was producing only 2 million tonnes. This is now 35 times higher: in 2018 the world produced 71 million tonnes. The change in global production is shown in the chart. 3 The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly.
How many tonnes of palm oil are there in the world?
Global production increased ten-fold since the 1960s – from 17 to 170 million tonnes in 2014. As we will see later in this article, more recent data for 2018 comes to 218 million tonnes. The story of palm oil is less about it as an isolated commodity, but more about the story of the rising demand for vegetable oils.
Why is palm oil rising?
The rise of palm oil follows the rapid increase in demand for vegetable oils more broadly. The breakdown of global vegetable oil production by crop is shown in the stacked area chart. Global production increased ten-fold since the 1960s – from 17 to 170 million tonnes in 2014.