The supply of palm kernel oil in China is projected to gradually increase from 760,000 metric tons in 2024 to 820,000 metric tons by 2028. In 2023, the actual supply amounted to 745,000 metric tons. This upward trend represents approximately a 2% year-on-year growth, with an average CAGR of about 1.9% over the past five years.
Key points to consider for future trends:
• Monitoring import policies and tariffs as they can significantly impact supply.
• Advancements in sustainable palm oil sourcing practices and their adoption in China.
• Fluctuations in demand driven by changes in the food industry, biofuel production, and cosmetic sectors.
• Global geopolitical events that could affect the supply chain and trade routes.
