The projected domestic consumption of palm oil in Mexico is showing a consistent upward trend. From 2024 to 2028, forecasts estimate an increase from 859 thousand metric tons to 966 thousand metric tons. Comparing the actual data from 2023, the annual percentage growth from 2024 to 2028 is about 3.1% on average. The year-on-year variation over the last two years shows slightly heightened growth momentum, which is a healthy indicator for future consumption patterns.
Looking into future trends, it's important to monitor the following:
- Changes in dietary preferences and health trends that may influence palm oil consumption.
- Government regulations and sustainable palm oil production policies.
- Market dynamics such as price fluctuations and competition from alternative oils.
- Global supply chain and trade policies affecting palm oil imports.