The import of crude palm kernel or babassu oil to Germany is forecasted to show a steady growth from 2024 onwards, considering that the values in 2023 stood at approximately the same level as in 2024. By 2028, a gradual year-on-year increase in volume is expected, with Germany's imports reaching 282.91 million kilograms. Examining the compound annual growth rate from 2024 to 2028, the average annual increase in imports is projected to be about 0.65%.
Future trends to watch for include:
- Global market fluctuations in palm and babassu oil production.
- Germany's environmental and sustainability policies affecting import levels.
- Potential shifts in consumer preferences towards other vegetable oils.
