The supply of Palm Kernel Oil in Thailand is forecasted to increase gradually from 2024 through 2028. Starting at 464.0 thousand metric tons in 2024, with anticipated year-on-year increases, it is expected to reach 492.0 thousand metric tons by 2028. Compared to the recorded supply in 2023, the growth rate signals a steady upward trend.
The year-on-year variation in supply shows modest increases:
- 1.72% from 2024 to 2025
- 1.48% from 2025 to 2026
- 1.25% from 2026 to 2027
- 1.44% from 2027 to 2028
The last Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 1.57%. This indicates an average annual increase in palm kernel oil supply.
Future trends to watch for include potential impacts of climate change on palm oil yields, advancements in agricultural technology, fluctuations in market demand, and regulatory changes affecting the palm oil industry. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
