Based on the forecasted data, palm oil domestic consumption in Vietnam is expected to grow from 968.0 thousand metric tons in 2024 to 1050.0 thousand metric tons by 2028. This represents a year-on-year increase of 2.17% from 2024 to 2025, 2.12% from 2025 to 2026, 1.98% from 2026 to 2027, and 1.94% from 2027 to 2028. The average compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be 2.05%.
Important future trends to watch include potential shifts in consumer preferences towards healthier oils, policies aimed at reducing deforestation linked to palm oil production, and technological advancements in sustainable palm oil cultivation. These factors could significantly influence the future demand and environmental footprint of palm oil in Vietnam.
