The palm kernel oil domestic industrial consumption in India is forecasted to stand at 113.0 thousand metric tons in 2024. This shows an upward trend from the previous years, with a value of 115.0 in 2025, 118.0 in 2026, 120.0 in 2027, and reaching 122.0 thousand metric tons in 2028. As for the variations, the year-on-year increase is approximately 1.77% from 2024 to 2025, 2.61% from 2025 to 2026, and 1.69% from 2026 to 2027. The compound annual growth rate (CAGR) over the forecasted period averages around 1.95% per year.
Future trends to watch for include changes in industrial demand due to shifts in production processes or the introduction of new alternative materials, potential policy changes affecting palm oil production and import regulations, and broader economic factors that could impact industrial consumption levels in India.
