In 2023, palm oil distribution in the US was reported at 2.06 million metric tons. The forecast for 2024 indicates a rise to 2.13 million metric tons. Year-on-year analysis reveals a steady growth pattern, with a progression to 2.4 million metric tons by 2028. The compound annual growth rate (CAGR) over the five-year forecast period stands at approximately 3%.
Future trends to monitor include the impact of sustainability practices on supply chains, shifts in consumer preferences towards healthier alternatives, and potential policy changes affecting palm oil imports. These factors could influence the market trajectory in the coming years.
