In 2023, South Korea's palm oil stock stood at 4.0 thousand metric tons. Forecasts indicate a rise to 5.0 thousand metric tons in 2024. The following years, from 2025 to 2028, project a stable stock level of 6.0 thousand metric tons annually.
Year-on-year percentage variation from 2023 to 2024 shows a 25% increase, while the forecast from 2024 to 2025 indicates a subsequent 20% rise. The compound annual growth rate (CAGR) over the next five years is projected around 10.7%, suggesting a gradual increase in palm oil stock levels.
Future trends to watch for include potential changes in global palm oil prices, shifts in demand due to consumer preferences or alternative oils, and regulatory changes impacting import and stockpiling strategies.
