In 2023, Germany's palm kernel oil import volume stood at an estimated value of 381.0 thousand metric tons. The forecasted data for 2024 to 2028 suggests a gradually declining trend, with volumes decreasing from 380.0 to 374.0 thousand metric tons. This reflects a subtle year-on-year decline, averaging around -0.4% annually. The five-year CAGR indicates a slow but steady reduction in import volumes.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and alternative oils.
- Possible regulatory changes impacting palm oil imports due to environmental concerns.
- Economic factors that may influence import demand and the price competitiveness of palm kernel oil in global markets.
