The forecast for China's palm oil gross production from 2024 to 2028 shows a steady increase. In 2023, the production value stood at approximately 104.87 million US Dollars in PPP terms. The year-on-year growth from 2024 to 2025 is 0.39%, while from 2025 to 2026 it is 0.38%. For 2026 to 2027, the growth slightly declines to 0.37%, and from 2027 to 2028, it remains consistent at 0.36%. Over the forecasted period, the compound annual growth rate (CAGR) is approximately 0.36%, indicating a sustainable and moderate upward trend in production value.
Future trends to watch for include potential policy changes affecting import tariffs, environmental regulations impacting production methods, and shifts in consumer demand for sustainable palm oil. Moreover, advancements in agricultural technology and its adoption can play a crucial role in production efficiency and yield improvements.
