In 2023, the Palm Kernel Oil market volume in Thailand stood at 4.97 thousand metric tons. Based on the forecast data, there appears to be a gradual decline in the market volume from 2024 to 2028, with the volume expected to reduce from 4.92 thousand metric tons in 2024 to 4.73 thousand metric tons by 2028. This represents an overall decrease over the five-year period. The year-on-year percentage variation indicates a consistent decline, averaging a CAGR of approximately -0.95% annually.
Future trends to watch for include potential impacts of environmental policies, technological advancements in oil extraction, shifts in global demand, and the influence of alternative edible oils. Monitoring these trends will be crucial for understanding the future dynamics of the Palm Kernel Oil market in Thailand.
