The export volume of sunflowerseed oil in Thailand stood at 5 thousand metric tons in 2023. Over the past decade, there has been significant growth from 1 thousand metric tons in 2014, reflecting a strong upward trend in the industry. Key annual variations include a steady increase from 2015 to 2017, stable volumes from 2018 to 2020, a notable rise in 2021, and consistent levels through 2022 and 2023. The last 5-year CAGR indicates an average annual growth rate of approximately 4.56%.
Future trends to watch for include forecasts predicting a continued increase, with the export volume expected to reach 6.2 thousand metric tons by 2028. This represents a forecasted 5-year CAGR of 3.19% and an overall growth rate of 16.98%. This suggests a modest but steady growth in the sector, influenced by market demand and production capabilities. Monitoring global market conditions and agricultural output will be crucial for anticipating future trends.
