Biofuels consumption in Thailand is predicted to decline from 28.33 thousand barrels of oil equivalent per day (kboe/d) in 2024 to 22.67 kboe/d by 2028. These values show a consistent decrease year-on-year: 6.77% from 2024 to 2025, 5.80% from 2025 to 2026, 4.94% from 2026 to 2027, and 4.14% from 2027 to 2028. Compared to 2023, the consumption level was 30.00 kboe/d. The compound annual growth rate (CAGR) over the five-year period indicates an average annual decline of 4.87%.
Future trends to watch for include technological advancements in biofuel production, potential shifts in energy policies promoting renewable resources, and changes in global oil prices that could impact biofuel competitiveness in the energy market.