Thailand's oil palm fruit production stood at 19.05 million metric tons in 2023. Based on the forecasted data, production is expected to rise consistently, reaching 22.217 million metric tons by 2028. The year-on-year variations show steady growth: 3.33% from 2024 to 2025, 3.16% from 2025 to 2026, 2.99% from 2026 to 2027, and 2.86% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.07%.
Future trends to watch for:
- Technological advancements in cultivation practices.
- Potential environmental regulations impacting production.
- Global market demand fluctuations affecting export potential.
- Impact of climate change on crop yields.
