The barley beer production in Thailand stood at 2.0859 million metric tons in 2023. Analyzing the historical data from 2013 to 2023, the production has experienced fluctuations with periods of both decline and growth. Specifically, the most notable drops occurred in 2017 (-7.06%) and 2018 (-13.69%). Recently, there has been a stabilization trend with slight year-on-year variations, with 0.33% in 2022 and 0.32% in 2023. Over the last five years (2019-2023), the compound annual growth rate (CAGR) has been 1.59%.
Forecasted data from 2024 to 2028 indicates a modest growth, with an anticipated 5-year CAGR of 0.26%. By 2028, the production is expected to reach 2.1206 million metric tons, reflecting a total growth of 1.31% over this period.
**Future trends to watch for:**
- Shifts in consumer preferences towards craft and premium beers.
- Impact of climate change on barley yield and quality.
- Potential economic impacts, including trade policies and import tariffs on barley.
- Technological advancements in brewing processes.
