Starting from 2023, palm oil tourist consumption in China stands at approximately 2.0 Thousand Metric Tons. From 2024 onward, the forecasts show a steady decline: holding at 1.9 Thousand Metric Tons in both 2024 and 2025, decreasing to 1.8 Thousand Metric Tons in 2026, and ultimately stabilizing at 1.7 Thousand Metric Tons by 2027 and 2028.
Year-on-year percentage variations indicate:
- 2023 to 2024: -5%
- 2024 to 2025: 0%
- 2025 to 2026: -5.3%
- 2026 to 2027: -5.6%
- 2027 to 2028: 0%
The 5-year CAGR from 2023 to 2028 averages out to approximately -3% per year.
Future trends to watch for:
It is essential to look at broader market dynamics, including potential policy changes, shifts in consumer preferences, and the role of sustainable palm oil practices. Moreover, the impact of international travel trends on palm oil consumption, given that tourists drive this specific demand in China, will be pivotal in shaping future consumption levels.
