Honey production in Thailand displayed a varied pattern from 2014 to 2023, starting at 9,000 metric tons in 2014 and reaching 11,000 metric tons by 2023. The year-on-year variations exhibited significant fluctuations: significant increases in 2016 (11.11%) and 2017 (20%), followed by a notable decrease in 2018 (-16.67%). The average annual growth rate (CAGR) over the past five years was 1.92%, indicating a stable growth trend despite some years of decline. Forecasts through 2028 suggest a moderate CAGR of 0.74%, with an overall growth of 3.76% by 2028.
Future trends to watch for include:
- Advancements in beekeeping technologies and practices improving yield efficiency.
- Environmental factors, such as climate change and habitat loss, affecting production levels.
- Increasing global demand for natural and organic products driving market growth.
- Potential impacts of trade policies and international trade agreements.