The demand for Palm Kernel Oil in Thailand stood at a stable volume in recent years, with 2023 showing an actual value. Forecast data from 2024 to 2028 indicate a slight but consistent decline in demand, moving from 142.88 to 142.58 Thousand Metric Tons. Year-on-year variations are minimal, indicating a very gradual decrease. Specifically, from 2024 to 2025, the demand decreases by approximately 0.05%, continuing at similar rates through to 2028.
The Compound Annual Growth Rate (CAGR) over the last five years suggests a marginal negative trend, signifying a steady but slight reduction in demand for Palm Kernel Oil in Thailand.
Future trends to watch for:
- Changes in consumer dietary preferences towards healthier oils which might further impact demand.
- Environmental policies or sustainability initiatives that could influence production and consumption patterns.
- Potential advancements in alternative oil technologies that may replace traditional palm kernel oil usage.
- Economic factors and market dynamics, such as price fluctuations and import-export policies, affecting supply and demand.
