The actual export volume of oilseeds in Thailand in 2023 stood at 660 thousand metric tons, reflecting a steady year-on-year growth rate of 5.1%. Looking back, the market experienced substantial fluctuations with remarkable gains in 2015 (43.97%) and 2016 (53.89%). The period from 2018 to 2023 saw a more stabilized growth trajectory, with the compound annual growth rate (CAGR) averaging 3.16% over the last five years. The forecasted data suggest a continued positive growth trend, reaching 812 thousand metric tons by 2028, with the forecasted CAGR for the next five years at 3.25%.

Future trends to watch for:

Potential for technological advancements in oilseed processing and export capabilities.
Impact of global trade policies and tariff changes on export volumes.
Variability in global supply and demand dynamics due to climate change and geopolitical factors.