In 2023, the raw sugar equivalent demand in Thailand stood at 3.33 million metric tons. The forecasted data indicates a steady increase in demand from 2024 to 2028. Specifically, the demand is projected to grow from 3.35 million metric tons in 2024 to 3.45 million metric tons in 2028. This represents year-on-year increases of approximately 0.90%, 0.59%, 0.88%, and 0.47% respectively. Over the last two years (from 2023 to 2025), the average annual growth rate (CAGR) is projected at around 0.75%.
Future trends to watch for in the raw sugar market in Thailand include potential changes in consumer preferences toward healthier alternatives, government regulations influencing sugar consumption, and the impact of global sugar prices on local demand. Additionally, economic factors and weather conditions affecting sugarcane production will be crucial to monitor.
