The domestic consumption of palm kernel oil in China for the year 2023 stood at 750.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady year-on-year increase, with values rising from 763.0 thousand metric tons in 2024 to 814.0 thousand metric tons in 2028. Over the last two years, the year-on-year variations have been consistent at approximately 1.7% from 2023 to 2024 and 1.7% to 1.8% in the subsequent years. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 1.8%.
Future trends to watch for:- Potential impact of government policies promoting sustainable palm oil production.- Changes in dietary preferences and food processing industries in China.- Global palm kernel oil supply chain fluctuations affecting domestic consumption.
