The potatoes market volume in Thailand stood at 220.0 thousand metric tons in 2023. The market experienced a general downward trend from 2014 to 2016, with a significant drop in 2015 (-6.31%), followed by a slight recovery until 2018. From 2018 onwards, the market has largely stabilized at 220.0 thousand metric tons. Notably, the last year-on-year variation in 2023 showed no change, and the compound annual growth rate (CAGR) over the past 5 years was approximately -0.27%, indicating a flat market with minimal year-on-year fluctuations post-2018.
Future trends to watch for include potential shifts in consumer preferences, technological developments in agriculture, and policy changes that could impact production and demand. Additionally, the global economic environment and climate change could also influence the market dynamics of potatoes in Thailand.
