Thailand's grapefruit production is projected to increase steadily from 290.39 thousand metric tons in 2024 to 302.61 thousand metric tons in 2028, indicating an annual growth trend. Compared to 2023's actual production of 287.15 thousand metric tons, this forecast depicts a positive trajectory in the grapefruit industry. The year-on-year growth rate from 2023 to 2024 is approximately 1.13%, and from 2026 to 2027, it is about 1.02%. The compound annual growth rate (CAGR) over the next five years is expected to be around 1.05%.
Future trends to watch for:
- Possible impact of climate change on agriculture and crop yields.
- Market demand fluctuations in both domestic and international markets.
- Technological advancements in farming practices and pest control.
- Government policies and subsidies affecting agricultural production.
