The sesame oil production in Thailand is expected to see a consistent decline from 2024 to 2028. The projections for 2024 are set at 2.56 thousand metric tons, which then decrease by 14.8% in 2025 to 2.18 thousand metric tons, followed by 17.4% in 2026 reaching 1.8 thousand metric tons. This downward trend continues with a 20.6% reduction in 2027 to 1.43 thousand metric tons and a further 25.2% drop in 2028, reaching 1.07 thousand metric tons.
Analyzing the compound annual growth rate (CAGR) from 2024 to 2028 shows an average annual decline of -19.7%. As of 2023, the value stood at 3.0 thousand metric tons, marking a noticeable downward trajectory in sesame oil production over the forecasted period.
Future trends to watch for include changes in agricultural practices, climate impact on crop yields, and shifts in domestic and international demand. Additionally, monitoring technological advancements in sesame cultivation and potential government interventions or subsidies would be crucial for more accurate predictions.
