The coffee production in Thailand has seen fluctuating trends over the past decade. In 2023, the production stood at 392.0 thousand bags of 60 kg. Historical data reveals a peak in 2014 at 844.89 thousand bags, followed by a general decline. Year-on-year variations have shown both increases and decreases with significant declines in 2016, 2018, and consistently from 2020 to 2023. Notably, the last two years saw decreases of 5.61% in 2022 and 5.83% in 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 was -4.05%, showing a consistent decrease in production.
Future trends to watch for include:
- Continued decline in coffee production with a forecasted five-year CAGR of -6.2% by 2028.
- An overall projected decrease of 27.4% in production from 2023 to 2028.
- Potential impacts of climate change and evolving agricultural practices on coffee yields.
- Market shifts due to changes in domestic and international demand for Thai coffee.