The demand for palm oil in the Netherlands has experienced significant fluctuations from 2014 to 2023. In 2023, the volume stood at 1.01 million metric tons, showing a minimal year-on-year variation of 0.4%. Over the past two years, demand stabilized just above 1 million metric tons, following prior years’ notable volatility. From a broader perspective, the Compound Annual Growth Rate (CAGR) over the last five years is -1.37%, reflecting a general declining trend with occasional rebounds.
In terms of forecasts, the demand is projected to remain relatively stable, growing marginally to 1.03 million metric tons by 2028 with a forecasted 5-year CAGR of 0.27% and an overall growth rate of 1.38%.
Future trends to watch for:
- The impact of stricter sustainability criteria on palm oil imports.
- Shifts in consumer preferences towards alternative oils.
- Potential changes in EU regulations affecting palm oil use.
- Technological advancements in oil processing and substitution.
