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Hydrogenated fats and oils: top exporters and importers (2024)

In 2024, world trade in hydrogenated fats and oils totaled $5.4 billion (3.7 million tonnes). The top exporters were Indonesia (32%), Malaysia (18%) and the Netherlands (7%); the top importers were China (21%), the Netherlands (6%) and the United States (5%). Compared with 2019, the value rose 40%.

Summary

World trade
$5.4billion
Tonnes
3.7million tonnes
Price per tonne
$1,447
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$1.7 billion · 32%
  2. Malaysia$950 million · 17.6%
  3. Netherlands$371 million · 6.9%
    re-exports
  4. Germany$266 million · 4.9%
  5. Belgium$209 million · 3.9%
    re-exports
  6. Norway$134 million · 2.5%
  7. Sweden$133 million · 2.5%
  8. India$126 million · 2.3%
  9. Spain$108 million · 2%
  10. China$106 million · 2%
  11. United States$101 million · 1.9%
  12. Chile$72 million · 1.3%
  13. Singapore$64 million · 1.2%
    re-exports
  14. Thailand$63 million · 1.2%
  15. France$60 million · 1.1%
  16. Saudi Arabia$51 million · 0.95%
  17. Finland$45 million · 0.84%
  18. Denmark$40 million · 0.74%
  19. Russia$34 million · 0.64%
  20. New Zealand$34 million · 0.64%

Top importers

  1. China$1.2 billion · 21.4%
  2. Netherlands$349 million · 6.5%
    re-exports
  3. United States$274 million · 5.1%
  4. Germany$209 million · 3.9%
  5. Malaysia$187 million · 3.5%
  6. Denmark$153 million · 2.8%
  7. Algeria$140 million · 2.6%
  8. France$107 million · 2%
  9. Poland$98 million · 1.8%
  10. Italy$95 million · 1.8%
  11. Saudi Arabia$87 million · 1.6%
  12. South Korea$83 million · 1.5%
  13. Belgium$83 million · 1.5%
    re-exports
  14. Turkey$79 million · 1.5%
  15. Egypt$77 million · 1.4%
  16. Vietnam$75 million · 1.4%
  17. Thailand$71 million · 1.3%
  18. United Arab Emirates$69 million · 1.3%
  19. United Kingdom$64 million · 1.2%
  20. Japan$63 million · 1.2%

Trend

Who sells it

Indonesia has been the top exporter since 2021

Value in USD billions. The five largest exporters in 2024.

  • Indonesia 1.7
  • Malaysia 0.95
  • Netherlands 0.37
  • Germany 0.27
  • Belgium 0.21

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia0.021.7
Malaysia0.230.95
Netherlands0.240.37
Germany0.150.27
Belgium0.070.21

Price

Implied price

The price per tonne rose 37% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,447

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,058
1996$911
1997$867
1998$891
1999$109
2000$690
2001$718
2002$521
2003$995
2004$841
2005$823
2006$706
2007$1,084
2008$1,447
2009$1,202
2010$1,328
2011$1,578
2012$1,561
2013$1,388
2014$1,417
2015$1,224
2016$1,269
2017$1,497
2018$1,276
2019$1,134
2020$1,331
2021$1,523
2022$1,759
2023$1,603
2024$1,447

What it includes

  • 1516 · Hydrogenated fats and oils

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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