Forecast: Palm Oil Processing in Europe

Palm oil processing in Europe has seen a fluctuating trend over the past decade. Starting at 1.64 million metric tons in 2014, it peaked in 2015 at 1.79 million metric tons before experiencing a general decline. By 2023, the volume stood at 1.53 million metric tons, reflecting a modest but consistent decrease. The year-on-year variation over the last two years was -0.58%, and the CAGR for the past 5 years is -1.23%.

Future trends to watch for include:

  • Further declines in palm oil processing volumes, with forecasts indicating a potential drop to 1.49 million metric tons by 2028.
  • Increased regulatory pressures and consumer demand for sustainable palm oil could further influence production volumes.
  • Technological advancements in alternative oils and fats may reduce reliance on palm oil in the coming years.

Top Countries about Palm Oil