Key Market Indicators
Thai palm oil consumption is predicted to increase to 217 thousand metric tons by 2026. In 2021, the country was ranked 17th in the world in terms of demand, with 209 thousand metric tons consumed. Malaysia, India, Indonesia, and Nigeria took the top four spots in that order. Thai palm oil production is estimated to reach 3.6 million metric tons by 2026. In 2021, the country was ranked third with 3.0 million metric tons produced. Malaysia, Thailand, and Colombia were the top three producers in that order. Since 1966, Thai production has grown at an average rate of 10.8% year-on-year.
