The forecast for Palm Kernel Oil distribution in Thailand shows a steady increase from 2024 to 2028. The actual distribution in 2023 stood at 458.0 Thousand Metric Tons. Year-on-year, the projected growth rates are:
- 2024: 1.31%
- 2025: 1.72%
- 2026: 1.48%
- 2027: 1.25%
- 2028: 1.44%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period stands at approximately 1.44%.
Future trends to watch for include the possible impacts of climate change on palm oil production, shifts in global demand, and regulatory changes regarding agricultural practices in Thailand. Additionally, advancements in sustainable farming technologies and changes in consumer preferences towards eco-friendly products may influence future distribution patterns.
