In 2023, the distribution of palm kernel oil in Japan stood at 77.5 thousand metric tons. As we are in 2024, the forecast predicts a consistent increase year by year, reaching up to 82.0 thousand metric tons by 2028. This indicates a steady growth trajectory averaging a CAGR of approximately 1.3% over the five-year period. Year-on-year variations depict a stable annual increase of about 1.3% from 2024 onwards.
Future trends to watch for include:
- Potential impact of environmental policies on distribution networks.
- Changing consumer preferences towards sustainable products.
- Technological advancements affecting palm kernel oil production and refinement.
