In 2023, Japan's consumption of palm kernel oil residuals stood above zero, marking a stark contrast to the negative forecast values from 2024 onwards, indicating a significant shift in market dynamics. From 2024 to 2028, a consistent year-on-year volume decline is observed, with a projected Compound Annual Growth Rate (CAGR) highlighting an average decrease over time. By 2028, the data reflects a continued downturn in the residuals market, evidenced by increasingly negative values.
Trends to watch include potential changes in Japan's import policies, technological innovations in by-product usage, and sustainability initiatives, which could alter the trajectory of palm kernel oil residual consumption.
