In 2023, cereal production in Thailand stood at 39.418 million metric tons, reflecting a minor year-on-year decline of 0.78%. Over the last five years, the compound annual growth rate (CAGR) remained modest at 0.81%, indicating a relatively stable trend in production volumes.
From 2013 to 2022, cereal production exhibited fluctuations, with significant drops in 2015 and 2019 and noticeable gains in 2016 and 2020. After 2019, the production has shown a gradual increase, stabilizing close to 40 million metric tons in recent years.
Looking forward, Thailand's cereal production is estimated to grow slightly, reaching 40.585 million metric tons by 2028. The forecasted CAGR from 2024 to 2028 is 0.46%, suggesting a cautious yet positive outlook. The anticipated overall growth rate of 2.34% during this period reflects continuously stable production, despite incremental increases.
Future trends to watch for:- Climate impact on crop yield
- Advancements in agricultural technology
- Governmental policies and agricultural subsidies
- International demand and export conditions
