Research on Status and Development of Oil Palm Industry in the World

The development prospects of the world's oil palm industry, as well as the distribution of oil palm production in the world and the overview of oil palm industry in the main producing countries were discussed, and the harvested area and production of oil palm and the production and import and export of palm oil were analyzed. The results showed that the world's oil palm harvested area showed an increasing trend from 2000 to 2016, and the world's oil palm harvested area in 2016 was increased by 103.18% compared with that in 2000. The world's oil palm fruit production basically increased from 2000 to 2016 (only decreased by 1.45% in 2007 compared to 2006), and the production in 2016 increased by 148.76% compared with that in 2000. The world's palm oil production increased year by year from 2000 to 2014, and the production 2014 was 157.89% higher than that in 2000. The world's palm oil import quantity in 2016 increased by 215.72% compared with that in 2000, and the growth rate exceeded 22% every five years. The export quantity of palm oil in 2016 increased by 197.88% compared with that in 2000, and the growth rate exceeded 19% every five years. It is predicted that the world's oil palm harvested area and production will continue to increase in the next five years; the palm oil production will also increase; and the import quantity and export quantity of palm oil will continue to grow. Nigeria has great development potential for oil palm, and its production of oil palm can be increased by updating old oil palm plantations and strengthening management.