The distribution of palm oil in Singapore is forecasted to see a steady increase from 210.0 Thousand Metric Tons in 2024 to 225.0 Thousand Metric Tons by 2028. Compared to 2023, the value stood at 207.5 Thousand Metric Tons, showing a clear upward trend.
Year-on-year percentage variations are as follows:
- 2024: Increase of 1.20%
- 2025: Increase of 1.90%
- 2026: Increase of 1.87%
- 2027: Increase of 1.38%
- 2028: Increase of 1.81%
The compound annual growth rate (CAGR) for the period from 2023 to 2028 is approximately 1.54%.
Future trends to watch for include the impact of global supply chain shifts due to environmental policies, technological advancements in sustainable palm oil production, and changing consumption patterns driven by health and sustainability concerns.
