Palm Kernel Oil demand in the Netherlands experienced significant fluctuations from 2014 to 2023, starting at 98.0 Thousand Metric Tons in 2014 and reaching 186.0 Thousand Metric Tons in 2023, marking a 3.33% year-on-year increase in the latter year. Notable variations include a sharp decline of 36.73% in 2015, substantial growth of 124.19% in 2016, and a peak increase of 28.03% in 2018. The last two years saw moderate year-on-year growth rates of 3.55% in 2021 and 2.86% in 2022. The compound annual growth rate (CAGR) over the last five years stands at 1.94%.
Forecasts suggest a continued upward trend, with Palm Kernel Oil demand expected to reach 211.0 Thousand Metric Tons by 2028, reflecting a 2.01% forecast CAGR and an overall growth rate of 10.47% over the next five years.
Future trends to watch for include potential regulatory changes affecting palm oil imports, evolving consumer preferences towards sustainable and ethically-sourced products, and advancements in alternative oils which could impact demand dynamics.
