The domestic consumption of Palm Kernel Oil in Thailand is forecasted to steadily increase from 262.0 thousand metric tons in 2024 to 264.0 thousand metric tons by 2028. The data implies a growth pattern, with slight increments primarily occurring every two years. In 2023, the consumption stood at 261.0 thousand metric tons. This demonstrates a modest year-on-year growth rate of approximately 0.38% from 2023 to 2024. Over the last two years, the consumption varied marginally, showing an average annual growth rate (CAGR) of around 0.23% across the five-year period leading up to 2028.
Future trends to watch for:
- Potential impacts of global market fluctuations on domestic consumption rates.
- Environmental policies that may affect palm oil production and consumption.
- Shifts in consumer preferences towards more sustainable and eco-friendly products.
- Technological advancements in palm oil processing and usage.
- Impact of economic conditions and trade relations on import-export dynamics.
