In 2023, Thailand's corn import stood at 1.69 million metric tons. From 2024 to 2028, forecasts show a steady increase in imports, starting at 1.73 million metric tons in 2024 and reaching 1.90 million metric tons by 2028. The year-on-year growth rates demonstrate a consistent upward trend: 2.31% from 2024 to 2025, 2.26% from 2025 to 2026, 2.76% from 2026 to 2027, and 2.15% from 2027 to 2028.
The Compound Annual Growth Rate (CAGR) over the last five years, from 2023 to 2028, is approximately 2.38%, indicating a moderate yet steady increase in corn imports.
Future trends to watch for:
• Agricultural productivity changes in Thailand.
• Global corn market prices and export policies.
• Domestic demand fluctuations due to economic conditions.
• Trade agreements and geopolitical factors affecting import sources.
