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Reference

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Primary source

Thai crude palm oil (CPO) production (2024)

~2-2.5 Mt CPO

As ofFY2024·Sources3·Primary

Thailand produced approximately 2-2.5 million tonnes of crude palm oil (CPO) in 2024, making it the world's third-largest producer after Indonesia and Malaysia. Plantation area is concentrated in Krabi, Surat Thani, Chumphon, and Trang in the South. The Office of Agricultural Economics (OAE) and the Palm Oil Industry Club (POIC) are primary data sources.

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Figure in context

Thailand produced approximately 2-2.5 million tonnes of crude palm oil (CPO) in 2024, making it the world's third-largest producer after Indonesia and Malaysia. Plantation area is concentrated in Krabi, Surat Thani, Chumphon, and Trang in the South. The Office of Agricultural Economics (OAE) and the Palm Oil Industry Club (POIC) are primary data sources.

Thailand produced approximately 2-2.5 million tonnes of crude palm oil (CPO) in 2024, making it the world's third-largest producer after Indonesia and Malaysia. Plantation area is concentrated in Krabi, Surat Thani, Chumphon, and Trang in the South. The Office of Agricultural Economics (OAE) and the Palm Oil Industry Club (POIC) are primary data sources.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Thailand produced approximately 2-2.5 million tonnes of crude palm oil (CPO) in 2024, making it the world's third-largest producer after Indonesia and Malaysia. Plantation area is concentrated in Krabi, Surat Thani, Chumphon, and Trang in the South. The Office of Agricultural Economics (OAE) and the Palm Oil Industry Club (POIC) are primary data sources.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

2024
B7 (7% FAME)

Thai biodiesel blend mandate (B-series, 2024)

Energy Policy and Planning Office, Department of Energy Business

FY2024
~THB 22-30/kg

Thai domestic CPO reference price (2024)

Department of Internal Trade, OAE weekly CPO price survey

2023-2024 average
~3-4 tonnes FFB/rai/yr

Thai oil palm fresh fruit bunch (FFB) yield

OAE crop yield surveys, Department of Agriculture, POIC

FY2024
~USD 300-500M

Thai refined palm product export value

Thai Customs Department, OAE, POIC export data

Report context

Thailand Palm Oil Biodiesel Deep Dive

Deep-dive into Thai palm oil biodiesel programme. Thailand consumes ~2-3 million tonnes CPO (crude palm oil) annually; biodiesel blending ~600-800k tonnes B100 methyl ester. MOE biodiesel mandate: B5 → B7 → B10 → B20 (current standard: B7-B10 depending on diesel category, season). Chumporn Palm Oil Industry (SET: CPI), Univanich Palm Oil (SET: UVAN), Patum Vegetable Oil (SET: PATO), Southern, Ponglarp palm — principal Thai palm operators. Biodiesel refiners, blenders: Bangchak (SET: BCP), PTT (SET: PTT), Thai Oil (SET: TOP), IRPC (SET: IRPC) plus specialty biodiesel plants. MOC palm-intervention programme stabilises farmer income through biodiesel mandate absorbing domestic CPO surplus. RSPO (Roundtable on Sustainable Palm Oil) Thai members, EUDR (EU Deforestation Regulation), CORSIA traceability, Indonesia-Malaysia global competition shape export, sustainability.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Chumporn Palm Oil Industry

Listed mid-scale Thai palm oil producer (SET: CPI); Chumphon integrated plantation, mill, refined products.

Patum Vegetable Oil

Largest private Thai palm oil refiner; RBD palm olein cooking oil, industrial palm products.

Univanich Palm Oil

Largest listed Thai palm oil producer (SET: UVAN); Krabi integrated plantation, mill, refinery; RSPO-certified.

Bangchak Corporation

Main independent Thai refiner; post-Esso ~294K bpd, 1,800 retail stations; biofuels, BCPG solar; FY2024 revenue ~THB 330B.

IRPC

Integrated refiner, petrochemical at Rayong; 215K bpd refining, olefin, aromatic, specialty polymers; FY2024 revenue ~THB 290B.

PTT

State-linked integrated Thai petroleum holdco; six listed subsidiaries; FY2024 consolidated revenue ~THB 2.8T; ~15% of SET market cap.

Thai crude palm oil (CPO) production (2024) · Insight