In the United Kingdom, palm kernel oil processing is forecasted to remain stable from 2024 to 2025, with an annual output of 7.0 thousand metric tons. A slight decline to 6.0 thousand metric tons is projected for 2026, with stability maintained through 2028. In 2023, production stood at a similar level to the forecasted 2024 value, indicating minimal expected year-on-year variation initially, followed by a reduction of approximately 14.3% from 2025 levels to 2026. The compound annual growth rate (CAGR) suggests a gradual long-term decline in processing volume.
Future trends to watch for:
- Global commodity price fluctuations and their impact on the UK market.
- Increased environmental regulations and their effect on production methods.
- Potential shifts in consumer demand towards sustainable and traceable palm oil products.