In 2023, soybean oil domestic consumption in Thailand was 247.0 thousand metric tons. Forecasted data indicates a steady increase in consumption: 251.0 thousand metric tons in 2024, 255.0 in 2025, 258.0 in 2026, 262.0 in 2027, and 265.0 in 2028. This reflects year-on-year variations of approximately 1.6% to 1.7%. The compound annual growth rate (CAGR) over the five-year forecast period is around 1.4% per year.
Future trends to watch for include changes in consumer preferences towards healthier oils, potential impacts of trade policies, and developments in domestic soybean production that could affect overall consumption patterns.
