The import of palm oil or its fractions simply refined into Germany is projected to show a gradual decline over the five-year period from 2024 to 2028. Forecasts indicate that the import volume is expected to slightly decrease from 416.2 million kilograms in 2024 to 414.43 million kilograms in 2028. Compared to 2023, where actual volumes stood, this represents a minor downward trend. The year-on-year percentage change signals a steady decline.
Future trends to watch for include:
- Potential regulatory changes in the EU impacting palm oil imports.
- The influence of sustainable sourcing demands on import volumes.
- Fluctuations in global palm oil prices affecting procurement strategies.
- Innovations in alternative oils possibly reducing reliance on palm oil imports.
