The import of palm oil to France is expected to decline steadily from 2024 to 2028, with forecasted values decreasing from $268.29 million in 2024 to $259.15 million in 2028. Compared to 2023, where the import value stood higher, this reflects a consistent downward trend in import expenditure.
The year-on-year variations show a slight decrease each year. This steady decline represents a need to adjust the market expectations and strategy continuously, particularly considering any influencing factors like regulatory changes or shifts in consumer preferences.
Future trends to watch for include:
- Regulatory changes affecting palm oil importation and production sustainability.
- Shifts in consumer preferences towards sustainable and alternative oils.
- Potential market dynamics affecting the price and demand of palm oil globally.