The demand for palm oil in Finland, expressed in volume, has shown significant variation over the past decade. From 2014 to 2016, the demand decreased sharply, but stabilized at 2.0 thousand metric tons from 2017 onwards. The year-on-year variation for 2023 stood at 0%, with a CAGR of 0% over the last five years, indicating a steady demand. The forecast for 2024 to 2028 remains constant at 2.0 thousand metric tons.
Future trends to watch for:
- Increased environmental awareness could lead to further reduction in palm oil consumption.
- Potential regulatory changes and sustainability initiatives may significantly impact demand.
- Innovations in alternative edible oils could alter market dynamics.
