In 2023, the palm kernel oil supply in Malaysia stood at 2.77 Million Metric Tons. The forecast for the years 2024 through 2028 shows a gradual but steady increase, with 2024 starting at 2.78 Million Metric Tons and reaching 2.80 Million Metric Tons by 2028. The year-on-year variation from 2023 to 2024 is approximately 0.36%. Between 2024 and 2025, the supply increases by about 0.36%, remaining stable through 2026 and 2027. From 2027 to 2028, the supply shows a slight increase of approximately 0.36%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is roughly 0.22% per year.
Future trends to watch for include potential impacts of climate change on palm oil production, shifts in global demand for palm kernel oil, and advancements in agricultural practices and technologies aimed at improving yield and sustainability. Additionally, regulatory changes and trade policies may also influence the supply landscape.
