The forecasted palm oil production in Malaysia from 2024 to 2028 suggests a consistent upward trend. In 2023, the production stood at approximately 20.96 million metric tons. The year-on-year percentage variations are 1.28% (2024), 1.28% (2025), 1.24% (2026), 1.20% (2027), and 1.16% (2028). The compound annual growth rate (CAGR) over this five-year period is approximately 1.23%.
Future trends to watch for include potential impacts of climate change on crop yields, shifts in global demand due to evolving dietary patterns and biofuel policies, and changes in trade regulations that could affect both export and import dynamics in the palm oil sector.