Based on the forecasted data, the import of refined palm oil to Spain is expected to increase gradually from 776.41 million kilograms in 2024 to 795.39 million kilograms in 2028. Notably, the value in 2023 was 771.84 million kilograms. The year-on-year variations from 2024 to 2028 are as follows:
- 2024: 0.59% increase from 2023
- 2025: 0.62% increase from 2024
- 2026: 0.61% increase from 2025
- 2027: 0.60% increase from 2026
- 2028: 0.59% increase from 2027
Over the last two years, the cumulative increase stands at approximately 1.2%. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 0.60% per year.
Future trends to watch for include policy changes regarding palm oil imports due to environmental concerns, shifts in domestic production capabilities, and potential alterations in consumer preferences towards alternative oils. These factors could impact both the volume and value of refined palm oil imports to Spain.
