Indonesia is the largest producer, with an output of 41.5 million tons, accounting for 56.2% of the world's total output. In the 2018/2019 market year, global palm oil production exceeded 73 million tons. Palm Oil Production Accounted for The Highest Proportion
Global cooking oil consumption（Unit:10,000tons） According to US USDA data, the global consumption of cooking oil in 2020 is expected to be 205.89 million tons. In 2019, the growth rate of global edible vegetable oil consumption was -0.1%, and the consumption was 20.27 million tons. In 2018, China, the European Union, and India were the top three economies in cooking oil consumption, and their consumption was 37.67 million tons, 26.93 million tons and 23.79 million tons. In 2018, people around the world consumed a total of 20.38 million tons of cooking oil, a year-on-year increase of 3.9%. Global Consumption of Cooking Oil Breaks 200 Million Tons Global cooking oil production growth rate(%) The main reason is that China's excellent epidemic prevention and control capabilities and achievements in epidemic prevention and control have promoted China's economic recovery, and China's economic recovery has strengthened the global consumption of cooking oil to a certain extent.Ģ016-2020 global cooking oil production and growth rate Global edible vegetable oil production is expected to increase by 2.2% in 2020. In addition, the global palm oil production and soybean oil production in 2019 also declined to varying degrees. The main reason for the sharp decline in growth was the reduced production of rapeseed oil, palm kernel oil and coconut oil. The Growth Rate of Cooking Oil Production Slows DownĪccording to data from the United States Department of Agriculture (USDA), global cooking oil production in 2018 was 203.38 million tons, a year-on-year increase of 2.3% in 2019, global cooking oil production was 203.91 million tons, a year-on-year increase of 0.3%.
#EDIBLE OIL PRODUCTION BY COUNTRY FREE#
If you have any questions, please feel free to contact us. ABC Machinery will analyze the current status and development prospects of world cooking oil production in recent years, Aims to guide the business plan of investors who want to build cooking oil production processing plants. With the acceleration of economic level and people’s quality of life, people around the world have a strong rigid demand for cooking vegetable oil, so edible oil processing has a broad market space.
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