In 2023, the per capita volume of palm oil consumption in Malaysia stood at 6.88 kilograms. Forecasts for the period from 2024 to 2028 indicate a slight upward trend, with values forecasted at 6.89 kilograms per capita in 2024 and 2025, and a marginal increase to 6.9 kilograms per capita from 2026 to 2028. This indicates a negligible year-on-year variation of approximately 0.15% over the two years from 2023 to 2025. Furthermore, this reflects a compound annual growth rate (CAGR) of around 0.07% over the five-year forecast period from 2023 to 2028.
Key future trends to watch for include:
- Potential impacts of changing dietary preferences and health-conscious movements in the region.
- Shifts in palm oil production and export policies that could influence domestic availability.
- Developments in sustainable palm oil certifications that may affect market dynamics.
- Global economic factors influencing commodity prices and local consumer purchasing power.