Forecast: Sorghum Production in Thailand

Thailand's sorghum production has experienced a significant decline from 2013 to 2023, standing at 25.47 thousand metric tons in 2023. The year-on-year variation has mainly been negative, peaking at a significant drop of 16.38% in 2020 and 9.23% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual decrease of 7.09%. Looking ahead, the forecast indicates a continued downward trend with an estimated 12.01% annual decline, projecting a reduction of 47.26% over the next five years.

Future trends to watch for:

  • Changes in agricultural policies and subsidies that could affect production levels.
  • Impact of climate change and weather patterns on crop yields.
  • Innovations in farming techniques and crop management practices.
  • Potential shifts in domestic and international demand for sorghum.
  • Global commodity price fluctuations and their influence on local production decisions.

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