Based on the forecasts, palm oil distribution in South Korea is expected to rise steadily. In 2023, the distribution stood at 763.0 thousand metric tons. The year-on-year increase from 2024 to 2025 is 2.9%, from 2025 to 2026 is 3.0%, from 2026 to 2027 is 2.8%, and from 2027 to 2028 is 2.7%. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 2.8%.
Future trends to watch for:
• Increased demand for sustainable and ethically sourced palm oil.
• Potential regulatory changes impacting palm oil imports.
• Technological advancements in palm oil production and distribution.
