Key Market Indicators
Thai soybean oil consumption is projected to reach 378,000 metric tons by 2026. This is an increase of 1.5% per year on average since 2017. In 2021, Thailand was ranked 15th in the world, with Algeria ahead at 346,000 metric tons. China, India, and Brazil were ranked 2nd, 3rd, and 4th respectively. Thai soybean oil production is expected to reach 509,580 metric tons by 2026, representing an average annual growth rate of 2.4% since 1966. In 2021, the country was 19th in the world, with Pakistan ahead at 443,110 metric tons. The US, Brazil, and Argentina were ranked 2nd, 3rd, and 4th respectively.
