In 2024, the forecasted supply of palm oil in the US is set at 2.13 million metric tons, increasing steadily each year to reach 2.40 million metric tons by 2028. This marks a compound annual growth rate (CAGR) of approximately 2.5% over these five years. In comparison, the 2023 supply stood at 2.08 million metric tons. Year-on-year, the supply sees increments of around 3.3% in 2025 and continues with slight reductions in growth percentages annually, reflecting a consistent upward trend.
Future trends to watch for include potential impacts of sustainability measures on palm oil production and shifts in consumer preferences towards alternative oils which could influence supply and demand dynamics in the US market.
