Forecast: Palm Kernel Oil Import Volume in the US

In 2023, the import volume of Palm Kernel Oil in the US stood at 404.00 thousand metric tons. Starting from 2024 to 2028, a steady increase in import volume is forecasted, with an annual year-on-year growth rate of approximately 1.7% to 1.8%. The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is calculated to be about 1.6%. This indicates consistent growth, reflecting rising demand or supply chain adjustments.

Future trends to watch include:

  • The impact of sustainable practices influencing palm oil production and importation.
  • Regulatory changes and consumer preferences towards eco-friendly products.
  • Market volatility affecting raw material availability and price stability.

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