The demand for Soybeans in Thailand is projected to reach 3.39 million metric tons in 2024, up from an actual demand of 3.32 million metric tons in 2023. This upward trend continues with year-on-year increases of approximately 2% to 3%, leading to a forecasted demand of 3.67 million metric tons by 2028. The compound annual growth rate (CAGR) over this forecast period is around 2%.
Future trends to watch for include:
- Increased domestic consumption driven by rising population and dietary shifts.
- Potential impact of trade policies and tariffs on import levels.
- Technological advancements in agriculture that could boost local production.
