Market research

Cottonseed oil-cake market in Thailand

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for cottonseed oil-cake in Thailand experienced considerable volatility between 2018 and 2023. It started at 1 409 t in 2018, fell to 1 025 t in 2019, then recovered to 1 382 t in 2020. A sharp drop followed in 2021 to 700 t, after which the market expanded strongly, reaching 1 103 t in 2022 and peaking at 1 815 t in 2023.

Domestic production remained steady at 700 t annually from 2020 onward, after increasing from 588 t in the earlier years. Market fluctuations were primarily driven by imports, which varied widely from 437 t in 2019 to over 1 115 t in 2023, with a complete halt in 2021.

By 2024, the broader vegetable oil industry in Thailand was focusing on health and sustainability trends. Major players like Thai Vegetable Oil Public Company Limited and Lamsoon (Thailand) Public Company Limited emphasized product development and capacity expansion, while projects to recycle used cooking oil for sustainable aviation fuel gained traction. These shifts, along with external factors such as climate variability and evolving consumer preferences, shaped the environment for oilseed by-products including cottonseed oil-cake.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Thailand
  1. 5.1.1. Annual dynamics of production in Thailand in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Thailand in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production cottonseed oil-cake in Thailand

In kind, 2017-2020, t

Top producers of cottonseed oil-cake, 2017-2020

Source: SHEV.io

World map of production of cottonseed oil-cake, 2017-2020

Source: SHEV.io

Thailand produced 700.0 t of cottonseed oil-cake in 2020, marking a solid 19.0% increase compared to the previous year. From 2017 to 2020, production grew by 19%, which translates to an annualized growth rate of 6.0%. The smallest change occurred in 2018, with production remaining essentially flat.

Annual dynamics of production in Thailand in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	19.0%	6.0%

Source: SHEV.io

Exports cottonseed oil-cake from Thailand

Exports in kind, t

In 2020, Thailand exported 5.2 t of cottonseed oil-cake, showing no significant change from 2019. Between 2018 and 2020, exports surged by 5 138.6%, representing an annualized growth rate of 274.2%.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Hong Kong was overwhelmingly the dominant buyer of cottonseed oil-cake from Thailand, accounting for 100.0% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Thailand in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Thailand's cottonseed oil-cake exports in 2020 amounted to 1.4 K $ US, remaining nearly unchanged from the previous year. Between 2018 and 2020, exports fell by 47.7%, equating to an annualized decline of 19.4%.

Annual dynamics of product's exports from Thailand in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Throughout 2017–2020, Hong Kong remained the dominant and almost exclusive destination for Thailand's cottonseed oil-cake exports in value terms, holding a 100.0% share.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Thailand in value, 2017-2020

Source: SHEV.io

Imports cottonseed oil-cake to Thailand

Imports in kind, t

After a two-year decline, Thailand's cottonseed oil-cake imports increased in 2020, reaching 686.8 t—a 57.1% rise compared to 2019. Over the 2017-2020 period, imports decreased by 18.9%, with a compound annual growth rate of -6.8%. The lowest import volume was recorded in 2019 at 437.1 t, which also saw the largest decline of 46.8%.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.1%)	(46.8%)	57.1%	(6.8%)

Source: SHEV.io

From 2017 to 2020, India was the principal source for cottonseed oil-cake imports to Thailand, accounting for 84.3% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Thailand in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Following a two-year decrease, Thailand's cottonseed oil-cake imports rose in 2020, totaling 258.5 K $ US—a 61.4% increase from 2019. Between 2017 and 2020, imports fell by 22.2%, representing an annualized decline of 8.0%. The lowest value was recorded in 2019 at 160.2 K $ US, which also experienced the largest drop of 39.7%.

Annual dynamics of product's imports to Thailand in value, 2017-2020, K $ US