The forecast for Japan’s palm kernel oil import volume from 2024 to 2028 indicates a steady decline. From 67.0 thousand metric tons in 2024, it is expected to decrease to 61.0 thousand metric tons by 2028. In 2023, actual imports stood at 68.0 thousand metric tons, showing a continuing downward trend. Year-on-year variations suggest a yearly decrease, with a 1.5% drop projected from 2024 to 2025 and a 1.5% annual reduction thereafter. The five-year compound annual growth rate (CAGR) averages a negative trend of 2.25%.
Future trends to watch for include changes in global palm oil market dynamics, Japan's increasing demand for sustainable sourcing, and shifts in domestic consumption patterns related to health concerns and environmental impact awareness.
