The cassava production in Thailand has shown a fluctuating yet overall upward trend from 2013 to 2023. In 2023, the production stood at 32.418 million metric tons, reflecting a 1.17% increase from 2022. Notably, cassava production experienced variances in growth year-on-year, with the largest downturns observed in 2016, 2018, and 2020. Conversely, 2015 and 2021 marked significant upticks. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2%, indicating a steady but modest increase.
Future trends to watch for include:
- A continued upward projection with an expected production of 34.378 million metric tons by 2028.
- A forecasted five-year CAGR of 0.93% suggesting consistent, albeit gradual, growth in the cassava sector.
- Potential influences of climate change, technological advancements, and global market demand on production levels.