In 2023, the import volume of palm kernel oil into the US stood at 373.0 thousand metric tons. Forecasted data for 2024 shows an import volume of 378.0 thousand metric tons, indicating a year-on-year increase of 1.34%. Projections for subsequent years suggest steady growth, reaching 397.0 thousand metric tons by 2028. This represents a compounded annual growth rate (CAGR) of approximately 1.25% from 2024 to 2028, highlighting a consistent upward trend in imports.
Future trends to watch for:
- Shifts in consumer demand for products using palm kernel oil.
- Changes in trade policies that could affect import tariffs or restrictions.
- Innovations in sustainable sourcing and production practices.
- Impact of price fluctuations in alternative vegetable oils.
