The forecast for palm kernel oil domestic consumption in Brazil shows a consistent year-on-year increase from 2024 to 2028, with values escalating from 355.0 to 406.0 thousand metric tons. Compared to the 2023 level, this forecast indicates a robust upward momentum. The average growth rate, based on the compound annual growth rate over these five years, suggests a healthy expansion of the market, in line with increasing demand and potential applications in various industries.
Future trends to watch for include:
- Potential policy changes affecting import and export tariffs
- Impact of sustainability practices on production
- Technological advancements enhancing processing efficiency
