In 2023, non-food uses of palm oil in Spain reached 1.98 million metric tons, reflecting a year-on-year growth of 2.44%. Over the past decade, non-food palm oil usage has generally been on an upward trend. From 2014 to 2018, there was significant growth, highlighted by a 17.92% spike in 2016 and a substantial 22.43% increase in 2017. Between 2018 and 2022, growth stabilized, maintaining an average annual increase (CAGR) of 2.11% from 2018 to 2023. Looking ahead, forecast data suggests a continued steady growth with a 1.69% CAGR from 2024 to 2028, resulting in an anticipated 8.75% total increase over these five years.

Future trends to watch for:

Sustainability initiatives and regulations that could impact non-food usage of palm oil.
Technological advancements in alternative materials that could reduce palm oil demand.
The potential impact of geopolitical trade dynamics on palm oil supply chains.