U.S. palm oil consumption 2000-2023

Domestic palm oil consumption in the United States (U.S.) amounted to approximately 1.9 million metric tons in 2023. There has been a decrease of approximately 1,000 metric tons in comparison to the previous year.

Palm oil in the U.S.

Palm oil is an edible vegetable oil. It is used for food manufacturing as well as in non-edible products such as beauty products and biofuel. A division of palm oil usage in the U.S. by purpose type shows that the vast majority of palm oil is for edible usage. Palm oil is the third most frequently consumed type of edible oil in the United States. Americans consume about 1.8 million metric tons of palm oil, compared to about 11.6 and 2.8 million metric tons of soybean and rapeseed oil, respectively. The volume of imports of palm oil to the U.S. amounts to around 3.6 billion pounds annually.

The market for palm oil worldwide

Among the different types of vegetable oils consumed worldwide, palm oil is the most consumed type of vegetable oil. The worldwide consumption of palm oil amounts to more than 76.04 million metric tons. Palm oil also has the highest import volume of vegetable oils worldwide, with just under 50 million metric tons of imports annually. In total, the global production of vegetable oils is approximately 218 million metric tons and expected to increase further.