The palm oil market in Thailand showed a consistent growth trajectory from 2024 to 2028, with volumes moving from 214.6 thousand metric tons in 2024 to 221.1 thousand metric tons in 2028. Compared to the actual volume standing at 212 thousand metric tons in 2023, the market exhibited a steady year-on-year increase. The expected year-on-year variation from 2024 to 2025 is approximately 0.75%, from 2025 to 2026 around 0.79%, from 2026 to 2027 close to 0.73%, and from 2027 to 2028 about 0.73%. The compound annual growth rate (CAGR) over the five-year period is roughly 0.75%, reflecting stable growth.
Future trends to watch for in the Thai palm oil market include the impact of regulatory changes regarding sustainable palm oil production, potential trade agreements, and shifts in global demand influenced by the growth in alternative oil markets. Additionally, environmental concerns and advancements in agricultural technology may significantly modify production efficiency and market dynamics going forward.
