Thailand's natural rubber production showed fluctuations from 2013 to 2023, with a notable decline in 2020 (-14.87%) but subsequent recovery and growth. As of 2023, the production stood at 5.2837 million metric tons, reflecting a 2.01% increase from the previous year. The CAGR over the last five years (2019-2023) was 1.88%, indicating moderate annual growth. Future projections suggest continued growth, with production expected to reach 5.8285 million metric tons by 2028, reflecting a CAGR of 1.55% over the next five years.
Key future trends to watch include potential shifts in global demand for natural rubber, technological advancements in rubber production, and environmental policies impacting rubber plantations. Monitoring these factors will be crucial for anticipating changes in the market.
