Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in million barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Thailand's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape and economic development.
Thailand's oil consumption increased steadily from 1.17 million barrels daily in 2015 to 1.20 million in 2016, 1.24 million in 2017, 1.27 million in 2018, and 1.29 million barrels daily in 2019, representing the highest pre-pandemic level. Demand declined to 1.15 million barrels daily in 2020, reflecting reduced transportation activity and weaker economic conditions. Consumption recovered slightly to 1.16 million barrels daily in 2021 before increasing to 1.22 million barrels daily in 2022, where it remained in 2023. Although consumption stabilized during the final two years, it remained slightly below the peak level recorded in 2019.
Overall, the dataset indicates consistent long-term growth in Thailand's oil consumption with only a temporary decline during 2020. The subsequent recovery reflects improving transportation demand, expanding industrial activity, and strengthening economic conditions, although petroleum consumption has yet to fully return to its pre-pandemic peak. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.