In 2023, the supply of palm kernel oil in India was 178.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a consistent year-on-year growth. The supply is predicted to increase from 182.0 thousand metric tons in 2024 to 196.0 thousand metric tons by 2028. This reflects a year-on-year increment ranging between 1.6% and 2.0%. Over the 5-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) averages to approximately 2.0% per year.
Future trends to watch for include possible shifts in global palm oil production, changes in domestic demand patterns due to economic or policy shifts, and potential impacts of climate change on palm oil yield. Monitoring these factors will be crucial for anticipating supply trends and ensuring market stability.
