The corn production in Thailand stood at 5.30 million metric tons in 2023. Forecasts for the following years indicate a slight, steady increase in production: 5.35 million metric tons in 2024, 5.37 in 2025, 5.40 in 2026, 5.42 in 2027, and 5.44 in 2028. This represents a year-on-year percentage increase of approximately 0.94% from 2023 to 2024, and similarly incremental increases of around 0.37% to 0.55% for the subsequent years, leading to a compounded annual growth rate (CAGR) of roughly 0.52% over the five years.
Future trends to watch for include advancements in agricultural technologies, climate change impacts, and policy changes related to farming subsidies and export regulations. Additionally, monitoring global corn prices and local demand shifts will be crucial for anticipating further production adjustments.
