In 2023, Brazil's import of crude palm kernel or babassu oil stood at approximately 9.4 million kilograms. The forecasted data suggests a steady increase in imports, with values reaching 9.66 million kilograms in 2024 and progressively reaching 10.715 million kilograms by 2028. This shows a year-on-year growth rate of around 2.8% for 2024, with a similar steady increase through to 2028. The Compound Annual Growth Rate (CAGR) for this period is roughly 2.6%, indicating consistent growth in imports.
Future trends to monitor include changes in international trade regulations, shifts in demand due to alternative oil sources, and the impact of sustainability movements on production practices. These factors could significantly affect import volumes in the coming years.
