The oilseeds production in Thailand was at 16.97 million metric tons in 2023. From 2014 to 2023, the production has exhibited fluctuations, with a notable dip in 2015 followed by a series of ups and downs. The most significant year-on-year growth was seen in 2017 at 20.26%. The recent trend shows a modest but consistent growth with a CAGR of 0.61% for the past five years. The forecast indicates a 5.23% overall growth from 2023 to 2028, translating to an annual CAGR of 1.02%.
Future trends to watch for:
- Potential impact of climate change and environmental factors on crop yields.
- Technological advancements in agriculture enhancing productivity.
- Government policies and subsidies influencing oilseeds farming.
- Global demand and commodity price fluctuations affecting production levels.
