Key Market Indicators
Thailand's edible oils production is projected to hit around 4.2 million metric tons by 2028, up from approximately 3.8 million metric tons in 2023. This marks an average annual growth rate of 1.5%. Since 2019, the country's supply has increased by 1.6% each year on average. In 2023, Thailand ranked 12th globally in edible oils production, with Germany slightly ahead at the same production level of roughly 3.8 million metric tons. Leading the global rankings are China, Malaysia, and the United States, occupying the second, third, and fourth positions, respectively.
