The volume of palm oil imports to Poland in 2023 stood at 274 thousand metric tons. The year-on-year growth for 2023 was 1.48%, showing a consistent but modest increase. Over the last two years, the average annual growth rate was 1.13%. Examining the historical data, significant annual variations were observed: 3.24% in 2015, 7.17% in 2016, and 5.86% in 2017, followed by a stabilization with a smaller YoY variation below 2% from 2018 onwards. Over the longer trend, the compound annual growth rate (CAGR) from 2014 to 2023 was 1.13%. The forecast up to 2028 projects a more modest average annual growth rate (CAGR) of 0.85%, accounting for a 4.33% overall growth during the 5-year period.
Future trends to watch for include:
- Potential shifts in global palm oil markets impacting import volumes.
- Changes in domestic consumption patterns influenced by sustainability and health trends.
- Technological advancements and regulatory changes affecting import dynamics.