The groundnut oil market in Thailand stood at 23.0 thousand metric tons in 2023, maintaining stability from the previous year. From 2014 to 2023, the market has shown minimal growth, fluctuating slightly but largely remaining around 23.0 thousand metric tons. The notable decrease in 2020 by 5% was quickly corrected with a 5.26% increase in 2021. The market is projected to see modest growth in the coming years, with an estimated 0.17% CAGR from 2024 to 2028, indicating a largely stable but slowly growing market.
Future trends to watch for include evolving consumer health consciousness potentially driving demand, changes in agricultural policies affecting groundnut production, and global market dynamics influencing prices and availability.
