The palm oil processing industry in Sweden has seen fluctuations in the past decade, starting at 102.0 thousand metric tons in 2014 and rising to 148.0 thousand metric tons in 2023. The period from 2015 to 2018 marked considerable growth, with a significant 24.56% increase in 2018. However, year-on-year variations since 2019 have stabilized, showing modest increases, except a slight dip in 2019. By 2023, the industry showed a 2.07% increase with a five-year CAGR of 0.83%.
Looking ahead, the growth forecast predicts a 1.42% annual increase with a 7.28% total growth rate by 2028, suggesting steady but gradual expansion. Future trends to watch for include shifts in consumer demand towards sustainable palm oil, regulatory changes, and advancements in processing technologies, which may further influence production volumes and efficiency.
