The historical data for palm oil processing in Denmark indicates a general downward trend. From 2014 to 2023, the volume decreased significantly from 46.0 to 20.0 thousand metric tons. This represents a compound annual growth rate (CAGR) of -5.83% over the last five years (2018-2023). Year-on-year variations show fluctuating declines with notable annual changes, such as a steep drop of 36.96% in 2015 and a slight increase of 27.27% in 2017 but generally trending downward thereafter.
Looking forward, the projections for the period from 2024 to 2028 suggest continued decreases, with an expected CAGR of -6.3%. The volume is anticipated to fall to 13.0 thousand metric tons by 2028, marking a total decline of 27.78% over five years.
Future trends to watch for include the impact of sustainability and environmental regulations on palm oil processing, the potential shift to alternative vegetable oils, and the influence of consumer preference towards more sustainable products.
