In 2023, the import of palm kernel and babassu oil for Brazil stood at a significantly lower volume than the 2024 forecast value of 222.79 million kilograms. The projected year-on-year increases indicate a consistent upward trend, with forecasts of 228.17 million kilograms in 2025 and rising to 243.68 million kilograms by 2028. This reflects a stable compound annual growth rate (CAGR) over the forecast period, suggesting robust demand dynamics and potential growth in associated industrial sectors.
Future trends to watch for:
- The impact of global market fluctuations on Brazil’s import requirements.
- Potential changes in trade policies that could influence import volumes.
- Technological advancements in oil processing affecting import needs.
