The distribution of soybean oil in Thailand is expected to see modest yet consistent growth from 2024 to 2028. In 2023, the volume stood at 471.0 Thousand Metric Tons. Forecasts indicate an annual increase, with values projected to reach 477.0 Th MT in 2024, 483.0 Th MT in 2025, 489.0 Th MT in 2026, 495.0 Th MT in 2027, and 501.0 Th MT in 2028. The year-on-year variation from 2023 to 2024 is approximately 1.27%, from 2024 to 2025 is 1.26%, from 2025 to 2026 is 1.24%, from 2026 to 2027 is 1.23%, and from 2027 to 2028 is 1.21%. Over the last two years (2022-2023), the increase averaged 1.30% annually. The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is estimated at 1.24%.
Future trends to watch for include potential impacts from global supply chain disruptions, changes in domestic agricultural policies, and shifts in consumer demand towards biofuels and sustainable products, which could influence soybean oil distribution dynamics in Thailand.
