The demand for palm kernel oil in Mexico has experienced significant fluctuations over the past decade. In 2023, the demand stood at 99 thousand metric tons, reflecting a slight year-on-year increase of 1.02%. Over the previous five years, the compound annual growth rate (CAGR) was calculated at 0.62%, indicating moderate growth. However, the demand saw substantial variability, such as a sharp decline of -16.14% in 2020, followed by a robust recovery of 20.48% in 2021. For future trends, the forecast suggests a stabilizing growth with a 5-year CAGR of 0.56%, projecting demand to reach approximately 102.44 thousand metric tons by 2028.

Future trends to watch for:

Potential impact of sustainability and environmental regulations on palm kernel oil supply.
Shifts in consumer preferences towards healthier and more sustainable oil alternatives.
Impact of global market dynamics and economic factors on import and export activities.