Based on the available data, palm kernel oil demand in Indonesia is projected to steadily increase from 2.59 million metric tons in 2024 to 2.75 million metric tons in 2028.
- Year-on-year variation indicates a consistent growth of approximately 1.54% annually from 2024 to 2028. - In 2023, the actual demand stood at 2.55 million metric tons.
- The compound annual growth rate (CAGR) for this period from 2024 to 2028 is projected to be around 1.54%.
Future trends to watch for: Factors such as changes in global palm oil prices, domestic consumption patterns, sustainability practices, and government policies could significantly impact palm kernel oil demand in Indonesia. Monitoring these elements will be crucial for an accurate long-term outlook.
