Palm Kernel Oil Market Overview in Thailand
In value terms, palm kernel oil production rose remarkably to $ in estimated in export prices. Over the period under review, production continues to indicate a strong expansion. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to , production failed to regain the momentum.
The value of the palm kernel oil market in Thailand rose rapidly to $ in , growing 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). Overall, consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. Palm kernel oil consumption peaked in and is expected to retain growth in the immediate term.