The palm oil market size volume in Malaysia is projected to experience consistent growth from 2024 to 2028, increasing from 222.0 thousand metric tons to 225.7 thousand metric tons. This indicates a positive year-on-year variation. Specifically, the market volume is expected to see a 0.41% increase from 2024 to 2025, a 0.45% rise from 2025 to 2026, a 0.40% growth from 2026 to 2027, and a 0.40% increment from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 0.42%.
Given that the market stood at 221.5 thousand metric tons in 2023, the analysis of trends suggests stability and a slow yet steady growth pattern. Future trends to watch for include potential fluctuations in global demand, sustainability practices, shifts in export markets, and regulatory changes. These factors could significantly affect market dynamics.