The distribution forecast of Palm Kernel Oil in China reveals a steady upward trend from 2024 to 2028. Starting at 760.0 thousand metric tons in 2024, the volume is expected to increase progressively to 820.0 thousand metric tons by 2028. Compared to the actual figures of 2023, there is consistent year-on-year growth, with percentages showing uniform increases: 2.0% between 2024 and 2025, and 1.9% from 2025 to 2026, maintaining a similar trend in subsequent years. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.9%.
Key points to note:
- Expected growth in Palm Kernel Oil distribution year-on-year from 2024 to 2028
- Average annual growth rate (CAGR) of 1.9%
- Volume forecast to reach 820.0 thousand metric tons by 2028
Future trends to watch for include potential shifts in import policies, climatic impacts on oil palm yields, and changing consumer preferences towards more sustainable alternatives. Monitoring global palm oil production trends will also be critical in forecasting China's future supply and pricing dynamics.
