Thailand's coconut oil import stood at 7.5 Thousand Metric Tons in 2023. The forecast indicates imports will hold steady at 8.0 Thousand Metric Tons in both 2024 and 2025, before rising to 9.0 Thousand Metric Tons from 2026 through 2028. This shows a steady growth pattern after 2025 with a year-on-year increase of 12.5% from 2025 to 2026. Over the five-year period, the compound annual growth rate (CAGR) is expected to average 3.79% annually from 2023 to 2028.
Future trends to watch for:
- Potential impact of global economic conditions on import volumes
- Shifts in domestic production capabilities and their influence on import demand
- Changes in consumer preferences for coconut oil versus alternative oils
- Trade policy adjustments and their effects on import patterns