From 2013 to 2023, Thailand's import of olive oil showed variability with notable growth in specific periods. The compound annual growth rate (CAGR) over the last five years to 2023 was 3.18%. In 2023, the import value stood at 24.043 million USD, reflecting a stable upward trend despite occasional year-on-year decreases. The import value saw fluctuations but maintained a long-term increase, driven by rising consumer demand and possible shifts in dietary preferences.

For future trends from 2024 to 2028, forecasts suggest a moderate growth rate of 1.97% CAGR. This indicates a stable but slowing increase in olive oil imports, with a total expected growth of 10.23% over the coming five-year period.

Watch for:

Potential market disruptions due to economic and political factors influencing trade.
Shifts in consumer preferences towards health-conscious diets which might impact demand.
Changes in domestic production capabilities or alternative oil markets.