The forecasted palm kernel oil domestic industrial consumption in Thailand indicates a steady upward trend from 2024 to 2028. In 2024, the consumption is expected to be at 183.0 thousand metric tons and reach 196.0 thousand metric tons by 2028. Based on the actual consumption data for 2023, which stood at 180.5 thousand metric tons, the year-on-year variation for 2024 shows a modest increase of approximately 1.4%. Over the last two years, the consumption has shown an average annual growth rate (CAGR) of about 1.3%, reflecting consistent demand growth in the industrial sector.

Future trends to watch for:

Increased industrial utilization of palm kernel oil driven by rising demand in the food processing and cosmetic industries.
Potential impacts of sustainability policies and certifications on consumption patterns.
Impact of global palm oil market fluctuations and trade policies on domestic supply and prices.