global palm oil production 2016 in bangladesh

                                               
                                               
                                               
                                               
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  • How much palm oil does Bangladesh import?
  • Imports In 2021, Bangladesh imported $1.45B in Palm Oil, becoming the 6th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 9th most imported product in Bangladesh. Bangladesh imports Palm Oil primarily from: Indonesia ($1.36B), Malaysia ($75.6M), India ($17.1M), Singapore ($2.48M), and United Arab Emirates ($10.6k).
  • How much palm oil is produced in Indonesia?
  • In 2023/24, Indonesian production volume of palm oil amounted to 47 million metric tons. This is more than twice as much as the production volume in Malaysia, which had the second-highest production levels worldwide in that year. Palm oil is an edible vegetable oil commonly used for food products, detergents, and cosmetics.
  • Which countries produce the most palm oil?
  • In recent years, worldwide production of palm oil has increased in volume to meet demand. Indonesia is the leading producer of palm oil, with a recorded 45.5 million metric tons of palm oil produced in 2022/2023. Malaysia, which produces the second-largest amount of palm oil, is headquarters to the majority of the leading palm oil companies.
  • How much palm oil is in demand?
  • From 2018 onward, demand started outpacing supply, with stocks estimated to decrease to close to 8 million tonnes by 2020.7 Demand in the European Union (EU) and the United States accounts for approximately 14% of palm oil consumption.