In December 2022 Crude palm oil production in Colombia was 131 thousand tons. The good behavior of production during the 12 months of the year 2022, showed an increase of 1.2% compared to the previous year, reaching the record figure of 1,769 thousand tons.
According to the National Federation of Palm Growers, This increase is the result of the good productivities registered both in fruit and in oil, especially of the OXG hybrid material. He also had to see the good management of fertilization practices and a greater and better distribution of rainfall in the different palm-growing regions of the country.
Regarding the markets, the total sales of palm oil were 1,780,000 tons, 78 thousand tons more than the previous year, representing a growth of 4.6%.
By disaggregating total sales, 74% of sales were directed to the local market and the remaining 26% to the export market. In absolute terms, local sales of palm oil reached 1.3 million tons, with growth of 8.6% compared to 2021. For its part, the export market was the destination of 466 thousand tons, which shows a decrease of 4.6% at the end of the year.
Regarding the classification of local sales by segments, 46.6% went to the segment of traditional companies, while 43.6% and 9.8% were destined for the biodiesel industry and concentrated food and other industries, respectively.
Finally, it is estimated that Palm oil consumption in Colombia grew 7.3% and reached a figure of 1.46 million tons in 2022, being the vegetable oil with the highest consumption in our country and sufficiently meeting the national demand andn multiple edible and inedible uses.
