In 2023, Thailand's domestic consumption of milled rice stood at 12.61 million metric tons. Forecasted figures indicate a steady incremental rise: 12.7 million metric tons in 2024, 12.79 million in 2025, 12.87 million in 2026, 12.95 million in 2027, and reaching 13.03 million by 2028. Year-on-year variation shows a consistent growth pattern, with approximately a 0.71% increase from 2023 to 2024 and similar annual growth percentages thereafter. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 0.64%, suggesting a stable yet gradual increase in domestic consumption.
Future trends to watch for include potential impacts of changing dietary preferences, government policies promoting rice consumption or exports, and shifts in demographic factors. Monitoring these elements could provide valuable insights into more precise future consumption patterns.
