Between 2013 and 2023, Thailand saw fluctuations in the import of refined olive oil and fractions. Starting at $11.437 million in 2013, imports peaked in 2023 at $13.51 million. This represents a CAGR of 2.27% over the last five years. Year-on-year variations in recent years include a 2.63% increase in 2022 and a 2.51% rise in 2023, indicating a steady growth pattern in recent years after prior volatility.
Future trends to watch for:
- Continued growth with a forecasted 5-year CAGR of 1.89%.
- Potential market shifts or new trade agreements could impact imports post-2028.
- Emerging health trends and consumer preferences for healthier oils.
