The forecasted palm oil supply in China shows a steady increase from 2024 through 2028. The values, expressed in million metric tons, indicate a consistent growth pattern. In 2023, the supply stood at 7.36 million metric tons. The year-on-year variations are as follows:
– 2024: 1.4% increase
– 2025: 1.3% increase
– 2026: 1.3% increase
– 2027: 1.3% increase
– 2028: 1.3% increase
Over the last five years, the Compound Annual Growth Rate (CAGR) has been approximately 1.3%, reflecting consistent growth in palm oil supply.
Future trends to watch for include potential impacts from climate change on palm oil production, shifts in trade policies, and the rising demand for sustainable and certified palm oil in the domestic market. Monitoring these factors will be crucial for understanding future supply dynamics.
