Forecast: Palm Oil Import Volume in the US

The palm oil import volume in the US is set to see a steady increase from 2024 through 2028, moving from 1.67 million metric tons in 2024 to 1.77 million metric tons in 2028. In 2023, the volume of palm oil imports stood at 1.65 million metric tons, indicating consistent growth.

Year-on-year growth is forecasted at around 1.2% to 1.7% annually between these years, reflecting a moderate but stable upward trend. The compound annual growth rate (CAGR) over the forecast period (2024–2028) is expected to be approximately 1.5%.

Looking forward, market players should watch for:

  • The introduction of sustainability regulations which may affect import volumes.
  • Potential shifts towards alternative oil sources driven by consumer preferences and environmental concerns.
  • Fluctuations in global palm oil production impacting US import strategies.

Top Countries about Palm Oil