The oilseeds processing industry in Thailand has seen varied growth patterns from 2014 to 2023. In 2023, the volume stood at 17.12 million metric tons, reflecting a year-on-year increase of 2.04% and a five-year CAGR of 1.63%. Trends show fluctuations, with significant growth in 2017 (35.01%) but more stabilized increases in recent years. The volume continued to rise steadily after 2021, with modest growth rates of around 2% annually.
Future forecasts suggest a continuation of this steady increase, with an anticipated volume of 18.73 million metric tons by 2028. The industry is expected to grow at a five-year CAGR of 1.42%, indicating sustained development.
Future trends to watch for include technological advancements in processing, shifts in global demand, and changes in agricultural policies that could impact oilseed supply chains. Monitoring these factors will be crucial for understanding the market dynamics and potential challenges ahead.
