The yield of oil crops in Thailand has exhibited variability over the years. Starting from 143.02 thousand hectograms per hectare in 2013, the yield experienced both declines and increments. There was a notable drop between 2014 and 2015, followed by a recovery that peaked in 2021 with a value of 155.37. The yield in 2023 stood at 162.14 thousand hectograms per hectare. This increase represents a 2.11% year-on-year variation from the previous year. CAGR over the last five years up to 2023 stood at an average of 2.39% annually. Future forecasts suggest a steady increase, projecting a yield of 179.65 by 2028 and a forecasted 5-year CAGR of 1.61%, with an 8.34% growth rate over this period.
Watching future trends:
- Improved agricultural practices and technologies.
- Potential impacts of climate change on crop yield.
- Government policies and support for the oil crop sector.
- Commodity price fluctuations influencing planting decisions and yield outcomes.