The forecasted consumption of corn in Thailand remains flat, with values consistently at 100.0 Thousand Metric Tons from 2024 to 2028. Since 2024 data are projections, it's important to review the 2023 actual consumption data to understand the trend. Unfortunately, the 2023 data is not provided here, making it impossible to establish an exact year-on-year variation. However, the absence of growth or decline signals a stable forecast without significant changes. Over the last two years, there hasn't been an observable trend due to the lack of preceding data. The Compound Annual Growth Rate (CAGR) over the last five years is effectively zero, highlighting no expected growth per annum.
Future trends to watch for:
- Possible impact of climate change on corn yields and production.
- Changes in government policies or subsidies affecting corn production or importation.
- Shifts in domestic demand from the biofuel or livestock industries.
- Innovations in agricultural technologies or practices improving yield efficiency.
