Forecast: Palm Oil Demand in Poland

The demand for palm oil in Poland has shown a decreasing trend from 2014 to 2023. The year 2014 recorded a volume of 235.0 thousand metric tons, which decreased steadily to 209.0 thousand metric tons in 2023. The data from 2014 reveal some fluctuations, with notable declines in 2017 and 2018. The year-on-year variation from 2022 to 2023 was -0.95%, and the Compound Annual Growth Rate (CAGR) over the last five years was -0.28%. Forecasts from 2024 to 2028 predict a continued decline, with a projected 5-year CAGR of -0.69% and a total growth rate of -3.38%.

Future trends to watch for include:

  • Changes in consumer preferences towards healthier and more sustainable oil alternatives.
  • Increased regulations and sustainability initiatives affecting palm oil imports and usage.
  • Technological advancements in agriculture and oil processing that could impact production and demand.

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