Key Market Indicators
Thai sugarcane consumption is forecast to drop to 4.1 million metric tons by 2026 from 4.3 million metric tons in 2021, according to a report. This is a 0.8% decrease from the previous year. Since 2017, the country has seen a 0.9% decline in demand each year. In 2021, Brazil topped the list with 4.3 million metric tons, followed by Thailand and Egypt. Thai sugarcane production is projected to grow to 160.4 million metric tons by 2026 from 139 million metric tons in 2021. This is a 2.4% increase from the previous year. Since 1966, the country has experienced an 8.1% increase in supply each year. In 2021, India led the list with 139 million metric tons, followed by Thailand and China.