Japan's palm kernel oil processing capacity is projected to remain constant at 81.0 thousand metric tons from 2024 to 2028. This stability indicates a steady market without any expected increases or decreases in processing volumes over the forecast period. The constant production suggests that the market has potentially reached a saturation point or that there are no significant changes in the demand or supply dynamics. As of 2023, the processing volume stood at a similar figure, establishing a pattern of zero growth for the upcoming years.
Future trends to watch for:
- Potential policy changes regarding import and use of palm kernel oil, driven by environmental concerns.
- Technological advancements in processing that may influence production efficiency and costs.
- Shifts in consumer preferences towards more sustainable or alternative oils.
- Economic factors or geopolitical events affecting global palm oil supply chains.