In 2023, the domestic industrial consumption of palm kernel oil in China stood at 745.0 thousand metric tons. Forecasts for the years 2024 to 2028 show a steady increase in consumption, from 760.0 thousand metric tons in 2024 to 820.0 thousand metric tons in 2028. Year-on-year percentage variations are approximately 1.97%, indicating a marginal but consistent growth. The Compound Annual Growth Rate (CAGR) over the past five years is projected to be around 1.95%, reflecting moderate growth in the market.
Future trends to watch for include increasing industrial demand driven by the expanding food processing and cosmetics sectors, and potential impacts of sustainability and environmental regulations on palm oil production and consumption.
