The forecast for France's imports of crude palm kernel or babassu oil shows a steady upward trend from 2024 to 2028, with values increasing from 18.104 million USD to 19.733 million USD. In 2023, the baseline import value was 17.7 million USD, reflecting continued growth in demand. The year-on-year percentage change is approximately 2% to 3%, indicating a consistent rise over the years. The compound annual growth rate (CAGR) for the period from the actual data of 2023 over the forecasted period remains around 2.5%, showcasing a stable market growth trajectory.
Future trends to watch for include:
- Global sustainability measures affecting supply chain logistics.
- Price volatility due to changes in supply conditions or export policies from key producing countries.
- Demand shifts towards alternative oils or local production driven by consumer preferences.