Germany's import of palm oil in 2023 stood at 397.24 million kilograms. The forecasted data for the subsequent years indicate a steady increase:
- 2024: 409.06 million kilograms
- 2025: 421.86 million kilograms
- 2026: 434.52 million kilograms
- 2027: 447.06 million kilograms
- 2028: 459.48 million kilograms
The year-on-year variation indicates an average growth rate of approximately 3% annually over the next five years. The Compound Annual Growth Rate (CAGR) for the forecast period is around 3.01%.
Future trends to watch for include changes in EU regulations on palm oil, sustainability initiatives, and shifts in consumer preferences towards environmentally friendly products, which could influence overall import volumes.
