In 2023, the cassava demand in Thailand stood at 12.86 million metric tons. Based on the forecasted data, the cassava demand is expected to increase consistently. For 2024, the forecasted demand is 13.3 million metric tons, which represents a year-on-year growth of 3.42%. In 2025, the demand is predicted to rise to 13.74 million metric tons, a 3.32% increase from the previous year. The trend continues with an estimated demand of 14.18 million metric tons in 2026 (3.20% increase), 14.61 million metric tons in 2027 (3.03% increase), and 15.03 million metric tons in 2028 (2.87% increase). The Compound Annual Growth Rate (CAGR) over the last five years is approximately 3.17%.
Future trends to watch for include potential changes in government policies affecting agriculture, technological advancements in cassava cultivation and processing, and fluctuations in global commodity prices which could impact both the demand and supply dynamics in the market.
