Market research

Palm kernel or babassu oil and fractions market in Thailand

$Palm kernel or babassu oil and fractions market in Thailand$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The domestic market for palm kernel oil expanded from 152.7 thousand tons in 2018 to 225.4 thousand tons in 2019, driven by the ongoing expansion of oil palm cultivation areas in southern Thailand, which boosted production, and the government's policy to promote palm-based biodiesel in the transport sector, which raised local demand.

Market volume stabilized at 218.1 thousand tons in 2020 as the industry adapted to COVID‑19 supply chain disruptions, then fell sharply to 109.2 thousand tons in 2021 when drought reduced crude palm oil output, pushing prices higher and encouraging exporters to ship more abroad, thereby tightening domestic availability.

Recovery followed from 2022 onward, with volume climbing to 181.6 thousand tons that year and to 205.5 thousand tons in 2023. This turnaround was supported by a revised biodiesel policy that aimed to raise the blending mandate to B7 or B10, alongside broader industry expansion, higher yield per acre, and investments in value‑adding innovations such as Bio‑PCM and sustainable aviation fuel.

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, K 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, K 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, K 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, M $ 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Thailand in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Thailand by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Thailand in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Thailand by countries, 2018-2024, M $ 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, M $ 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, M $ 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, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 palm kernel or babassu oil and fractions in Thailand

In kind, 2017-2020, K t

From 2017 to 2020, Thailand ranked as the world's third-largest producer of palm kernel or babassu oil and fractions.

Top producers of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

Thailand's production of palm kernel or babassu oil and fractions saw a decline after two years of growth. In 2020, the country produced 253.9 K t, marking a year-over-year decrease of 7.4%. Over the 2017-2020 period, production overall increased by 7.3%, with a compound annual growth rate of 2.4%. The peak was reached in 2019 at 274.1 K t, while the largest annual increase occurred in 2018 at 7.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.7%	7.5%	(7.4%)	2.4%

Source: SHEV.io

Exports palm kernel or babassu oil and fractions from Thailand

Exports in kind, K t

In 2020, Thailand exported 66.4 K t of palm kernel or babassu oil and fractions, representing a 4.3% increase from 2019. However, over the 2017-2020 period, exports fell by 39.8%, with a compound annual decline of 15.6%. The lowest export volume was recorded in 2019 at 63.6 K t, and the highest in 2018 at 114.7 K t. The sharpest drop occurred in 2019, with a decline of 44.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.0%	(44.5%)	4.3%	(15.6%)

Source: SHEV.io

From 2017 to 2020, Thailand's exports of palm kernel or babassu oil and fractions were almost entirely directed to Malaysia, which accounted for 100.0% of the total export flows.

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, M $ US

After two years of decline, Thailand's exports of palm kernel or babassu oil and fractions in value terms rebounded in 2020, reaching 44.3 M $ US, a strong increase of 19.4% compared to the previous year. Despite this, over the 2017-2020 period, export value decreased by 66.2%, with a compound annual decline of 30.3%. The lowest value was recorded in 2019 at 37.1 M $ US, and the largest decline occurred that same year at 65.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.7%)	(65.6%)	19.4%	(30.3%)

Source: SHEV.io

During 2017-2020, Malaysia effectively monopolized Thailand's exports of palm kernel or babassu oil and fractions in value terms, capturing 100.0% of the total flows.

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 palm kernel or babassu oil and fractions to Thailand

Imports in kind, K t

Import volumes of palm kernel or babassu oil and fractions into Thailand showed significant fluctuations from 2017 to 2020. The lowest point was in 2018 at 12.4 K t, with the largest decline that year at 15.1%. Volumes then climbed to a peak in 2020 at 30.6 K t, representing a 104.6% increase from 2019 and a 2.5-fold shift from the 2018 low.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.1%)	20.0%	104.6%	27.7%

Source: SHEV.io

From 2017 to 2020, Thailand's imports of palm kernel or babassu oil and fractions were highly concentrated, with Indonesia accounting for 100.0% of the total import flows.

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, M $ US

Import values of palm kernel or babassu oil and fractions into Thailand experienced notable fluctuations from 2017 to 2020. The lowest value was recorded in 2019 at 10.5 M $ US, with the largest decline occurring in 2018 at 42.6%. Values then surged to a peak in 2020, showing a 149.6% increase from 2019 and a 2.5-fold difference from the 2019 trough.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(42.6%)	(6.9%)	149.6%	10.0%

Source: SHEV.io

In the 2017-2020 period, Indonesia clearly dominated as the supplier of palm kernel or babassu oil and fractions to Thailand, taking 100.0% of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io