The forecasted milled rice supply in Thailand indicates steady growth from 2024 to 2028. In 2023, actual supply stood at 22.85 million metric tons. For 2024, the forecasted value is 22.95 million metric tons, showing a year-on-year increase of 0.44%. This trend continues with 23.06 million metric tons in 2025 (a 0.48% increase), 23.17 million metric tons in 2026 (a 0.48% increase), 23.28 million metric tons in 2027 (a 0.47% increase), and 23.38 million metric tons in 2028 (a 0.43% increase).
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.46%, reflecting a consistent but modest growth trend.
Future trends to watch for include the potential impacts of climate change on rice yield, technological advancements in agriculture, government policies affecting production, and global demand shifts impacting export figures.
