The sold production of refined palm oil in the Netherlands has experienced variability from 2013 to 2023. In 2023, the value stood at 1.1306 billion Euros. Over the past decade, significant declines were seen in 2014, 2015, and 2018, with year-on-year variations at -9.75%, -14.18%, and -17.06% respectively. However, the trend shows modest recoveries in recent years with consistent positive growth since 2020. Notably, 2022 and 2023 saw steady increases of 1.76% and 1.72% respectively.
The Compound Annual Growth Rate (CAGR) over the last five years shows a slight increase at 0.58%.
Looking ahead, the forecasts from 2024 to 2028 predict a continued upward trend with a five-year CAGR of 1.25% and an overall growth rate of 6.4%. Future trends to watch for include potential impacts of sustainability regulations, shifts in global demand, and advancements in palm oil alternatives, all of which could affect production patterns and economic outcomes in the sector.
