In 2023, Thailand's milled rice production was documented at an actual value lower than the forecasted 20.08 million metric tons of 2024, indicating a slight growth trajectory. The year-on-year growth from 2024 to 2025 is approximately 0.65%, from 2025 to 2026 is about 0.59%, from 2026 to 2027 is around 0.59%, and from 2027 to 2028 is approximately 0.59%. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 stands around 0.61%, reflecting steady but modest increases annually.

Future trends to watch for include:

The impact of climatic changes on rice yield and consequently on production volumes.
Policy changes or innovations in agricultural practices that could further optimize production.
Global trade dynamics and their influence on export demand for Thai rice.