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Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) 
  
Million Metric Tons
Date Created  03/08/2024 12:00:31 PM  
 
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  2019/20 2020/21 2021/22 2022/23 Feb
2023/24
Mar
2023/24
Production
Oil, Coconut 3.61 3.58 3.74 3.72 3.76 3.77
Oil, Cottonseed 5.02 4.88 4.85 4.91 4.94 4.95
Oil, Olive 3.15 2.94 3.30 2.44 2.31 2.29
Oil, Palm 73.11 73.28 72.96 78.06 79.46 79.46
Oil, Palm Kernel 8.51 8.43 8.36 8.88 9.10 9.10
Oil, Peanut 6.18 6.38 6.44 6.23 6.32 6.14
Oil, Rapeseed 28.34 29.36 29.24 32.58 33.41 33.79
Oil, Soybean 58.55 59.67 59.65 59.35 61.89 61.68
Oil, Sunflowerseed 21.15 18.96 19.62 21.64 21.63 21.66
 
 
Total 207.62 207.46 208.15 217.81 222.83 222.85
 
Imports
Oil, Coconut 1.84 1.95 2.24 1.95 1.86 1.90
Oil, Cottonseed 0.12 0.10 0.11 0.09 0.08 0.08
Oil, Olive 1.31 1.21 1.28 1.09 0.90 0.91
Oil, Palm 47.03 46.81 41.68 46.92 48.22 47.27
Oil, Palm Kernel 3.03 2.94 2.62 2.79 2.94 2.89
Oil, Peanut 0.31 0.44 0.29 0.39 0.40 0.30
Oil, Rapeseed 5.80 6.33 5.13 6.95 7.07 7.41
Oil, Soybean 11.54 11.79 11.53 10.67 10.75 10.78
Oil, Sunflowerseed 11.75 9.67 9.69 12.46 12.26 12.25
 
 
Total 82.72 81.24 74.56 83.31 84.47 83.79
 
Exports
Oil, Coconut 1.88 1.73 2.24 2.18 1.96 2.01
Oil, Cottonseed 0.12 0.10 0.13 0.10 0.09 0.09
Oil, Olive 1.47 1.36 1.42 1.21 0.97 0.96
Oil, Palm 48.36 48.54 43.95 49.51 50.35 49.42
Oil, Palm Kernel 3.29 3.21 2.78 2.96 3.11 3.04
Oil, Peanut 0.32 0.48 0.35 0.38 0.44 0.42
Oil, Rapeseed 5.87 6.42 5.29 6.44 7.30 7.55
Oil, Soybean 12.38 12.61 12.32 11.64 11.52 11.50
Oil, Sunflowerseed 13.48 11.33 11.17 14.23 13.87 14.02
 
 
Total 87.17 85.77 79.66 88.65 89.60 88.99
 
Domestic Consumption
Oil, Coconut 3.65 3.65 3.59 3.55 3.69 3.68
Oil, Cottonseed 5.00 4.91 4.86 4.88 4.96 4.92
Oil, Olive 3.06 3.03 3.04 2.58 2.36 2.34
Oil, Palm 70.82 72.50 69.46 74.13 77.99 77.61
Oil, Palm Kernel 8.16 8.29 8.25 8.71 8.89 8.97
Oil, Peanut 6.20 6.44 6.34 6.22 6.29 6.04
Oil, Rapeseed 28.29 28.57 30.11 32.52 32.82 33.46
Oil, Soybean 57.19 58.69 59.61 58.30 60.72 60.86
Oil, Sunflowerseed 18.91 18.28 17.51 19.51 20.27 20.28
 
 
Total 201.29 204.35 202.77 210.40 217.98 218.15
 
Ending Stocks
Oil, Coconut 0.64 0.80 0.94 0.88 0.77 0.85
Oil, Cottonseed 0.22 0.19 0.16 0.18 0.16 0.21
Oil, Olive 0.84 0.60 0.72 0.46 0.29 0.37
Oil, Palm 15.91 14.95 16.18 17.52 16.75 17.22
Oil, Palm Kernel 1.13 0.99 0.96 0.95 1.01 0.93
Oil, Peanut 0.40 0.30 0.35 0.37 0.38 0.35
Oil, Rapeseed 2.97 3.66 2.63 3.19 3.60 3.38
Oil, Soybean 5.42 5.59 4.82 4.91 5.34 5.01
Oil, Sunflowerseed 2.90 1.93 2.55 2.90 2.84 2.52
 
 
Total 30.44 29.01 29.30 31.36 31.13 30.85
 
Totals may not add due to rounding