The forecast for palm oil supply in South Korea portrays a progressive increase, starting from 786.0 thousand metric tons in 2024 to 879.0 thousand metric tons by 2028. In 2023, the supply stood at 763.0 thousand metric tons. The year-on-year growth rates are consistent, hovering around 2.9%-2.6%. This data underlines a steady growth trend, emphasizing the robust demand and potential market expansion in the region over the next five years, with a 5-year Compound Annual Growth Rate (CAGR) estimated around 2.9%.

Future trends to watch for include:

Changes in regulatory policies impacting palm oil imports and usage in South Korea.
Shifts in consumer preferences towards more sustainable and ethical sourcing of palm oil.
Technological advancements in palm oil production and supply chain efficiencies.
Potential impact of geopolitical tensions on the global palm oil supply chain.