In 2023, Thailand's food gross production stood at 38.243 billion USD PPP. Forecasted data shows a steady increase from 2024 to 2028. The year-on-year growth is as follows:
- 2024: 0.70%
- 2025: 0.73%
- 2026: 0.72%
- 2027: 0.71%
- 2028: 0.70%
The Compound Annual Growth Rate (CAGR) over the last five years from 2024 to 2028 is approximately 0.71% per year.
Future trends to watch for include advancements in agricultural technology, changing consumer preferences towards sustainable and organic products, and potential impacts from climate change on crop yields. Monitoring these factors will be crucial for accurately forecasting further growth and potential challenges in Thailand's food production sector.