The olive oil market size volume in Thailand has shown stability in the last decade, maintaining 4.0 thousand metric tons from 2014 to 2016 and then increasing to 5.0 thousand metric tons from 2017 onwards. There was a slight dip to 4.75 thousand metric tons in 2020, but it quickly rebounded to 5.0 thousand metric tons by 2021 and remained steady through 2023. In 2023, the market volume stood at 5.0 thousand metric tons. Over the last five years, the average annual growth rate (CAGR) was relatively modest.
Year-on-year variations over the last two years showed no significant changes, indicating market stability. Looking ahead, forecasts predict incremental growth, reaching 5.31 thousand metric tons by 2028 with an average annual growth rate of 0.85% and a cumulative growth of 4.32% over five years.
Future trends to watch for include shifts in consumer preferences towards healthier cooking oils, potential impacts of global supply chain disruptions, and the introduction of new olive oil products in the market. Monitoring these trends will be essential for anticipating further market developments.
