The forecasted palm oil supply in Australia shows a steady increase from 2024 to 2028. Starting at 90 thousand metric tons in 2024 and growing to 92 thousand metric tons by 2028, the supply displays minimal year-on-year variation, with a noticeable increase occurring every couple of years. The compound annual growth rate (CAGR) over this five-year period is minimal, reflecting a stable but slow growth trajectory.
For 2023, the actual supply of palm oil stood at 89 thousand metric tons. Year-on-year variations between 2023 and 2024 show a 1.1% increase. Subsequent years see negligible percentage changes, signifying consistent supply volumes.
Future trends to watch for include potential impacts of regulatory changes on palm oil imports, shifts in consumer preferences towards sustainable sources, and any disruptions in the global supply chain that could affect availability in Australia.
