Maize production in Thailand for 2024 is forecasted to be 4.475 million metric tons. The projections for 2025, 2026, 2027, and 2028 indicate a slight year-on-year decline in production with values of 4.4656, 4.4563, 4.4473, and 4.4384 million metric tons, respectively. Compared to the actual production value for 2023, the initial forecast for 2024 marks a notable change.
The year-over-year variation indicates a steady but small decrease, highlighting a trend of marginal decline. Over the last two years, the percentage decline from one year to the next has shown minimal variation. When considering the Compound Annual Growth Rate (CAGR), which measures the average annual decrease over the five-year period ending in 2028, data reflect a consistent downward trend in maize production.
Future trends to watch for include the impact of climate change, advancements in agricultural technology, shifts in domestic and international demand for maize, and changes in government policies related to agriculture. Monitoring these factors will provide better insights into the sustainability and potential recovery or further decline of maize production in Thailand.
