The demand for nuts in Thailand fluctuated between 2014 and 2018, reaching a peak of 70,000 metric tons in 2017 before experiencing a notable decline. Over the last five years, starting from 2019, the demand has progressively decreased at an average yearly decline rate (CAGR) of -1.62%, reaching 52,000 metric tons in 2023. Recently, from 2022 to 2023, there was a year-on-year decline of -1.89%. Looking at the forecast from 2024 to 2028, demand is expected to continue its downward trend, with an overall expected decrease of -7.84% over the next five years.
Future trends to watch include shifts in consumer preferences towards healthier eating, the impact of import policies on nuts, and changes in domestic production capabilities. Additionally, sustainability concerns and climate change may influence future demand and supply dynamics in the Thai nuts market.
