The forecasted data for palm oil non-food uses in Sweden for the years 2024 to 2028 shows a consistent value of 14.0 thousand metric tons annually. Comparing this with the actual data from 2023, the trend remains unchanged, indicating a stable demand for palm oil in non-food applications. The year-on-year variation from 2023 to 2024 shows no percentage change, and this stability continues through the forecast period. The Compound Annual Growth Rate (CAGR) over the five-year period is therefore 0%, reflecting no average annual growth or decline.
Future trends to watch for include potential regulatory changes targeting sustainable and environmentally friendly ingredients, which could impact the demand for palm oil in non-food sectors. Additionally, shifts towards alternative oils and consumer preferences for eco-friendly products might influence future market dynamics.
