An analysis of palm oil demand in France reveals a consistent downward trend from 2014 through 2023, where the demand stood at 307.0 thousand metric tons. Between 2014 and 2023, the year-on-year variations ranged from minor increases to significant decreases, including an 8.41% drop in 2016 and a slight rise of 0.73% in 2015. The compound annual growth rate (CAGR) over the last five years is -1.61%, indicating a steady decline.
Over the next five years, the forecasted data suggests a continuation of this trend, with an average annual decrease of 1.73% and an overall reduction of 8.33% by 2028, reaching 275.0 thousand metric tons. This continued decline highlights the shifting consumption patterns in France.
Future trends to watch for include changes in consumer preferences towards more sustainable and healthier alternatives, regulatory impacts on the use of palm oil, and advancements in palm oil substitutes. Additionally, global market dynamics and environmental concerns may further influence the demand trajectory in France.
