In 2023, Brazil's palm oil stock stood at 39.0 thousand metric tons. For 2024, forecasts estimate a stock of 42.0 thousand metric tons, representing a 7.7% year-on-year increase. The positive trend is expected to continue, with annual increments of 3.1 thousand metric tons leading to projected stocks of 45.0, 48.0, 51.0, and 54.0 thousand metric tons from 2025 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is projected at 6.8%.
Future trends to watch for include:
- Potential impacts of climate change on crop yields, affecting supply.
- Policy changes that could alter production and export dynamics.
- Shifts in global demand for sustainably sourced palm oil products.
