In 2023, the US palm oil export volume stood at approximately 81.04 thousand metric tons. The forecasts from 2024 to 2028 indicate a gradual decline in export volumes from 80.91 to 80.37 thousand metric tons. The year-on-year variations show a slight decrease of roughly 0.17% to 0.20% annually, culminating in a five-year CAGR that mirrors this downtrend.
Future trends to watch for include:
- Potential shifts in dietary trends influencing palm oil demand.
- Policy changes regarding sustainability and environmental concerns.
- Competitive dynamics with alternative vegetable oils.
