The palm kernel oil export volume in the US is forecasted to steadily increase from 19.5 thousand metric tons in 2024 to 21.63 thousand metric tons by 2028, reflecting a consistent growth pattern. Year-on-year, the export volume is projected to grow at a stable rate from 2024 onward, averaging a CAGR over the five-year period that signifies healthy and sustained demand in the international market. As we are in 2024, the 2023 figures are necessary to compute the exact percentage changes.

Future trends to watch for:

Global market dynamics affecting palm oil demand and supply chains.
Sustainability initiatives and regulatory impacts on palm oil production and exports.
Technological advancements in oil extraction and processing techniques.
Fluctuations in global prices affecting the competitiveness of US exports.