The volume of oilseeds feed in Thailand experienced substantial fluctuations over the past decade. In 2023, the value stood at 47.0 thousand metric tons, reflecting a year-on-year decline of 7.84%. The compound annual growth rate (CAGR) for the past five years stands at 8.68%, depicting recovery after years of volatility. Between 2014 and 2015, the sector saw an 83.9% drop, followed by a significant 431.58% rise in 2016. More recent years show a steady decline, with another 7.84% drop from 2022 to 2023, marking a period of reduced output and consumption.
Looking into future trends, the forecast suggests a continuous decline, with a projected 5-year CAGR of -9.86% and an overall reduction of 40.48% by 2028. Industry stakeholders should monitor global market conditions, shifts in agricultural policy, and innovations in feed technology, which could significantly influence this downward trend.
