The analysis of the Coconuts and Copra market size in Thailand shows a stable pattern from 2014 to 2017 with a constant volume of 600 thousand metric tons. However, there has been a slight but consistent decline from 2018 onwards. As of 2023, the market volume stood at 592 thousand metric tons, marking a slight reduction over the years.
Year-on-year variations showed modest fluctuations with a notable decline of -1.33% in 2018, a small increase of 0.34% in 2019, followed by minor annual decreases. The Compound Annual Growth Rate (CAGR) for the last five years indicates a slow downward trend averaging -0.2% to -0.27%.
Forecasts up to 2028 suggest the market will continue to experience a slight decline at an average annual rate of -0.07%, leading to an overall reduction in market size to 589 thousand metric tons by 2028.
Future trends to watch for include potential impacts of climate change on coconut production, changes in demand for coconut-based products, and advancements in agricultural technologies that could influence production efficiency.
