The meat demand in Thailand, as measured by volume in Million Metric Tons, shows modest fluctuations over the past decade. From 2014 to 2023, the demand hovered around 2.1 Million Metric Tons, with notable dips in 2015 and 2020 but some recovery thereafter. The year-on-year variation shows several slight increases and decreases, indicating a relatively stable market with minor vulnerabilities.
In 2023, the volume of meat demand stood at 2.09 Million Metric Tons, reflecting a slight decrease compared to the previous year.
Over the last two years, demand decreased marginally by -0.048%. Analyzing the last five years, the compound annual growth rate (CAGR) is -0.15%, suggesting a subtle downward trend overall. The forecast indicates that the demand will remain stable at 2.09 Million Metric Tons from 2024 to 2028. The forecasted 5-year CAGR is predicted to be -0.04%, suggesting almost no significant change in demand, with a slight 5-year growth rate decrement of -0.22%.
Future trends to watch for include potential shifts in consumer preferences, economic changes impacting purchasing power, and emerging health and environmental concerns that might impact meat consumption patterns.
