The natural honey production in Thailand has seen a steady increase from 8.5 thousand metric tons in 2013 to 13.39 thousand metric tons in 2023. The most significant growth was observed in 2017 with a year-on-year increase of 15%. However, the production faced minor declines, particularly in 2020, but it quickly recovered with an 8.48% rise in 2021. Over the last two years, the growth has stabilized with a year-on-year increase of around 2.77%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.59%.
Future trends indicate continued growth in honey production with an expected CAGR of 2.07% over the next five years, leading to a total growth rate of 10.8% by 2028, reaching 15.28 thousand metric tons. Factors to watch include climate change impacts, advancements in beekeeping technology, and alterations in global honey demand.
