The palm kernel oil domestic food consumption in Thailand stood at 88.0 Thousand Metric Tons in 2023. The forecasted values are showing a steady year-on-year increase, with consumption expected to reach 90.0 Thousand Metric Tons in 2024, up by 2.3% from the previous year. In 2025, consumption is forecasted at 92.0 Thousand Metric Tons, a 2.2% increase. By 2026, the expected consumption is 94.0 Thousand Metric Tons, also showing a 2.2% rise. The trend continues with a 2.1% increase in 2027, reaching 96.0 Thousand Metric Tons. By 2028, the forecasted consumption is 98.0 Thousand Metric Tons, reflecting a 2.1% year-on-year increase. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is 2.2%, illustrating a consistent growth trajectory for palm kernel oil consumption in the Thai market.
Future trends to watch for:
- Changes in dietary habits and increased health consciousness among consumers, potentially affecting demand.
- Innovations and improvements in the edible oil industry that could influence production and consumption patterns.
- Economic factors such as pricing, availability of substitute products, and overall market conditions impacting consumer purchasing power.
- Government policies and regulations related to agriculture, trade, and food safety that could affect the palm kernel oil market.
