The production of palm kernel oil in Brazil has seen a significant downward trend over the past decade. From a high of 127.2 thousand metric tons in 2013, the production has decreased consistently to reach 45.07 thousand metric tons in 2023. Over the last two years (2022 to 2023), production contracted by approximately -5.55% year-on-year. The average annual decrease (CAGR) over the past five years (2018 to 2023) was -5.59%. The forecast indicates a continued decline, with an estimated production of 31.25 thousand metric tons by 2028, reflecting a forecasted average annual decrease (CAGR) of -5.82% and a total decrease of -25.89% over the five-year period.
Future trends to watch for:
- Impact of sustainable practices and regulations on production levels.
- Adaptation of Brazilian producers towards more resilient crop varieties or alternative cultivation techniques.
- Market demand fluctuations and global trade policies influencing export volumes.
