In 2023, the supply of soybean oil in Thailand stood at a volume that can be estimated through historical data analysis. By 2024, the supply is forecasted to be 477 thousand metric tons. Predicted values show a steady increase: 483 thousand metric tons in 2025, 489 thousand metric tons in 2026, 495 thousand metric tons in 2027, and 501 thousand metric tons in 2028. This consistent upward trend showcases a year-on-year increase. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual growth rate over this period.
Year-on-year variations over the last two years suggest a stable increase in supply, reflecting positive market expectations. The CAGR further reinforces a stable uptrend in soybean oil supply.
Future trends to watch for include potential impacts of governmental agricultural policies, climate change affecting crop yield, and global soybean market fluctuations. Monitoring these factors is crucial for predicting long-term supply stability and making informed business decisions.
