The forecast for banana market size volume per capita in Thailand shows a consistent downward trend from 2024 to 2028. Starting at 7.18 kilograms per capita in 2024, it declines year-on-year to 6.17 kilograms per capita by 2028. This represents a year-on-year percentage decrease of 3.62%, 3.76%, 3.76%, and 3.75% respectively.
In 2023, the actual value was 7.44 kilograms per capita. The past two years have shown slight but consistent variations pointing towards a gradual decline. The five-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 indicates an average annual decrease of approximately 3.5%.
Future trends to watch for:
- Potential changes in consumer preferences and dietary trends that could alter banana consumption rates.
- Market conditions including supply chain disruptions or improvements that impact availability and price of bananas.
- Government policies on agriculture that affect banana production and distribution.
- Technological advancements in agriculture that might improve banana yields or reduce waste.
