In 2023, Sweden's palm oil import volume stood at 180.0 thousand metric tons. According to the forecasted data, the import volume for 2024 is expected to be 182.0 thousand metric tons, showing a slight increase of 1.1% year-on-year. By 2025, the import volume is projected to rise to 184.0 thousand metric tons, indicating a further 1.1% increase from the previous year. The respective increases for the years 2026, 2027, and 2028 are 1.6%, 1.1%, and 1.1%. The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 averages 1.2% annually.
Future trends to watch for include:
- Global palm oil price volatility and its impact on import volumes.
- Sustainability initiatives and regulations that might affect palm oil consumption.
- Shifts in consumer preferences towards healthier and more sustainable alternatives.
- Technological advancements in agricultural practices affecting palm oil production and supply chains.