The forecast for Palm Oil Domestic Industrial Consumption in Thailand shows a steady upward trend from 2024 to 2028. In 2023, the consumption stood at 1.41 million metric tons. From 2024 to 2028, the yearly increases are as follows:
- 2025: +2.78%
- 2026: +3.38%
- 2027: +2.61%
- 2028: +3.18%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 stands at approximately 2.99% per year.
Future trends to watch for include potential shifts in industrial demand, technological advancements in palm oil processing, and regulatory changes impacting consumption. Monitoring these factors will be crucial for understanding the long-term trajectory of palm oil consumption in Thailand.
