From 2014 to 2023, the demand for vegetables in Thailand, measured in Million Metric Tons, demonstrates a steady growth. In 2023, the demand stood at 3.24 Million Metric Tons. The year-on-year variation has generally been positive, with the most significant increase in 2018 at 6.52%. Over the last two years, the year-on-year growth rate was 0.87%. The average compound annual growth rate (CAGR) for the past five years stands at 0.54%, reflecting a moderate upward trend.
Looking forward, the forecasted data from 2024 to 2028 suggests a continued, albeit modest, increase in demand. The CAGR for the next five years is expected to be around 0.64%, with an overall projected growth rate of 3.22% by 2028.
Future trends to watch for include potential impacts from economic shifts, changes in consumer behavior towards healthier diets, and advancements in agricultural technology. These factors could significantly influence demand variations in the coming years.
