In 2023, Thailand's corn domestic consumption was 6.96 million metric tons. Forecasted data from 2024 to 2028 shows a consistent year-on-year increase. Specifically, the consumption is expected to rise from 7.09 million metric tons in 2024 to 7.62 million metric tons in 2028. The year-on-year percentage variations are as follows:
- 2024: +1.87%
- 2025: +1.83%
- 2026: +1.94%
- 2027: +1.77%
- 2028: +1.73%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is approximately +1.83% per year.
Future trends to watch for include the impact of technological advancements in agriculture, government policies affecting corn production and trade, and changing dietary habits potentially increasing demand for corn-based products. Monitoring these factors will be crucial for anticipating shifts in corn consumption patterns in Thailand.
