The projected demand for groundnut oil in Thailand from 2024 to 2028 shows a steady increase, starting at 23.08 thousand metric tons in 2024 and reaching 23.27 thousand metric tons in 2028. Comparing the forecasts to 2023, where the demand stood at 23.03 thousand metric tons, the year-on-year growth is relatively stable. Specifically, the projected annual growth rates are around 0.22% for 2024, 0.22% for 2025, 0.22% for 2026, and 0.22% for 2027, leading to a CAGR of approximately 0.22% over the five-year period.
Trends to watch for in the future include potential shifts in consumer preferences, changes in dietary habits, and economic factors that might influence oil consumption. Additionally, innovations in the agricultural sector and fluctuations in global oil prices could impact the demand for groundnut oil in Thailand.
