The tomatoes market in Thailand has shown a steady increase in volume over the past decade, reaching 167.0 thousand metric tons in 2023. From 2014 to 2023, there has been a consistent annual increase, with notable year-on-year variation in key years: a 6.71% increase in 2016 and a slight decline of 1.89% in 2017. From 2019, the market stabilized with minimal growth rates, leading to a 5-year CAGR of 0.61% by 2023.
Looking forward, the forecasted data suggests a continued, albeit modest, growth in the tomatoes market. The market is expected to see an average annual increase of 0.47% from 2023 to 2028, culminating in a total growth of 2.38% by 2028.
Future trends to watch for include:
- Technological advancements in farming techniques that could boost production efficiency.
- Shifts in consumer preferences towards organic and locally-sourced produce.
- The impact of climate change on agricultural yields and market stability.