The Palm Kernel Oil import volume in Poland has shown fluctuations over the past decade, experiencing a notable decrease from 17.0 to 14.0 thousand metric tons between 2014 and 2023. The year-on-year variation reveals a significant drop of 23.53% in 2015, followed by minor oscillations and stabilization around 14-15 thousand metric tons from 2017-2023. Notably, the compound annual growth rate (CAGR) from 2019-2023 is -1.37%, indicating a slight decline in imports over this period.
Going forward, forecasts predict the volume to remain at 14.0 thousand metric tons in 2024, gradually decreasing to 13.0 thousand metric tons by 2028. This positions the 5-year CAGR at -1.47%, signifying a modest decline of 7.14% over this forecast period.
Future trends to watch for:
- Potential impact of sustainability regulations and consumer preferences shifting towards alternatives.
- Economic factors influencing import capacity and demand.
- Technological advancements in the processing of palm kernel oil or its substitutes.
