For Thailand, the forecasted sugar cane export volume is set to increase steadily from 2024 to 2028. Starting at 49.0 thousand metric tons in 2024, volumes are anticipated to rise to 59.0 thousand metric tons by 2028. This data suggests an average annual growth rate (CAGR) of approximately 4.7% over the five-year period. Notably, the actual export volume for 2023 was slightly lower compared to the 2024 forecast at around 47.5 thousand metric tons, indicating a positive growth trend.
Year-on-year variations illustrate an incremental growth:
- 2024 to 2025: 4.1%
- 2025 to 2026: 5.9%
- 2026 to 2027: 5.6%
- 2027 to 2028: 3.5%
Future trends to watch include potential impacts from climate change on cultivation conditions, shifts in international demand, and policy changes regarding export tariffs and trade agreements that might influence Thailand's competitive edge in the global sugar market.
