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Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) 
 
Million Metric Tons
Date Created  02/11/2025 12:00:40 PM  
 
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  2020/21 2021/22 2022/23 2023/24 Jan
2024/25		 Feb
2024/25
Production
Oil, Coconut 3.58 3.73 3.72 3.90 3.65 3.65
Oil, Cottonseed 4.84 4.80 4.89 4.97 5.09 5.07
Oil, Olive 2.94 3.30 2.44 2.42 3.07 3.07
Oil, Palm 73.37 73.17 76.63 76.26 79.63 79.53
Oil, Palm Kernel 8.43 8.24 8.75 8.67 9.08 9.08
Oil, Peanut 6.38 6.44 6.22 6.06 6.26 6.26
Oil, Rapeseed 29.44 29.17 33.25 34.39 34.11 34.13
Oil, Soybean 60.06 60.05 59.67 62.80 66.25 66.37
Oil, Sunflowerseed 19.01 19.69 21.72 22.24 20.05 20.20
 
 
Total 208.03 208.60 217.29 221.69 227.18 227.36
 
Imports
Oil, Coconut 1.95 2.24 1.95 2.16 1.91 1.91
Oil, Cottonseed 0.10 0.12 0.08 0.08 0.07 0.07
Oil, Olive 1.21 1.28 1.09 1.09 1.17 1.17
Oil, Palm 46.86 41.78 47.21 43.20 44.58 44.08
Oil, Palm Kernel 2.93 2.55 2.68 2.68 2.81 2.81
Oil, Peanut 0.44 0.29 0.39 0.34 0.36 0.37
Oil, Rapeseed 6.33 5.08 6.88 7.52 7.57 7.57
Oil, Soybean 11.81 11.44 10.89 10.58 12.13 12.13
Oil, Sunflowerseed 9.71 9.72 12.59 13.82 10.86 10.93
 
 
Total 81.33 74.49 83.77 81.47 81.46 81.04
 
Exports
Oil, Coconut 1.73 2.24 2.18 2.20 1.99 1.99
Oil, Cottonseed 0.10 0.13 0.10 0.08 0.09 0.08
Oil, Olive 1.36 1.42 1.21 1.16 1.23 1.23
Oil, Palm 48.56 43.90 49.52 44.54 46.58 46.30
Oil, Palm Kernel 3.21 2.78 2.97 3.11 3.08 3.08
Oil, Peanut 0.48 0.35 0.35 0.42 0.39 0.39
Oil, Rapeseed 6.42 5.21 6.54 7.43 7.71 7.71
Oil, Soybean 12.60 12.43 11.75 11.82 12.88 12.85
Oil, Sunflowerseed 11.34 11.22 14.31 15.23 12.43 12.56
 
 
Total 85.79 79.68 88.93 85.99 86.37 86.18
 
Domestic Consumption
Oil, Coconut 3.65 3.60 3.52 3.84 3.68 3.68
Oil, Cottonseed 4.87 4.82 4.88 4.94 5.06 5.04
Oil, Olive 3.02 3.04 2.58 2.46 2.84 2.84
Oil, Palm 72.47 69.64 74.38 75.28 78.48 78.28
Oil, Palm Kernel 8.28 8.05 8.47 8.24 8.75 8.75
Oil, Peanut 6.44 6.34 6.22 6.05 6.19 6.20
Oil, Rapeseed 28.60 30.16 32.58 34.38 34.85 34.87
Oil, Soybean 59.01 59.86 58.90 61.22 65.74 65.94
Oil, Sunflowerseed 18.26 17.53 19.56 21.11 19.20 19.10
 
 
Total 204.61 203.03 211.08 217.51 224.78 224.69
 
Ending Stocks
Oil, Coconut 0.79 0.91 0.89 0.91 0.79 0.79
Oil, Cottonseed 0.19 0.16 0.16 0.19 0.20 0.20
Oil, Olive 0.59 0.71 0.46 0.34 0.50 0.51
Oil, Palm 15.23 16.64 16.57 16.21 15.36 15.24
Oil, Palm Kernel 0.99 0.95 0.94 0.93 0.99 0.99
Oil, Peanut 0.30 0.34 0.38 0.31 0.35 0.35
Oil, Rapeseed 3.61 2.49 3.50 3.61 2.73 2.73
Oil, Soybean 5.94 5.14 5.05 5.40 5.11 5.11
Oil, Sunflowerseed 2.11 2.78 3.22 2.94 2.26 2.42
 
 
Total 29.75 30.12 31.17 30.83 28.30 28.35
 
Totals may not add due to rounding