Palm Kernel Market Overview in Thailand
In value terms, palm kernel production skyrocketed to $ in estimated in export prices. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Over the period under review, production reached the maximum level in and is expected to retain growth in the near future.
The average yield of palm kernels in Thailand stood at kg per ha in , leveling off at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the palm kernel harvested area in Thailand amounted to ha, flattening at 2019. In general, the harvested area showed a relatively flat trend pattern.
The size of the palm kernel market in Thailand skyrocketed to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a resilient expansion. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. Palm kernel consumption peaked in and is likely to continue growth in the near future.