Between 2014 and 2023, oilseeds demand in Thailand displayed a generally upward trend, despite experiencing occasional fluctuations. The demand stood at 18.27 million metric tons in 2023, reflecting a 1.86% year-on-year increase and a 1.58% CAGR over the past five years. Significant growth was observed in 2017 with a 31.51% year-on-year increase and a consistent upward trajectory since then, albeit at varied rates. The forecast for 2028 anticipates continued growth, projecting a CAGR of 1.3% over the next five years.
Future trends to watch for include potential impacts from global market changes, policy shifts related to agricultural imports, and technological advancements in oilseed production. Monitoring these factors will be crucial for anticipating shifts in demand.
