Forecast: Coffee Production in Thailand

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.

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