The forecasted data for coconuts production in Thailand indicates a consistent decline from 2024 through 2028. The production figures start at 611.25 thousand metric tons in 2024 and drop to 463.27 thousand metric tons by 2028. This decline represents a year-on-year decrease in production values.
From 2023 to 2024, the production is expected to drop by X% (missing 2023 value for precise calculation). For the subsequent years, we see the following approximate year-on-year changes:- From 2024 to 2025: -6.2%- From 2025 to 2026: -6.5%- From 2026 to 2027: -6.8%- From 2027 to 2028: -7.2%
The compounded annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 shows an average annual decline of around 6.7% in coconut production.
Future trends to watch for:- Factors such as climate change and agricultural practices could further impact production.- Advances in agricultural technology and innovations could mitigate some of the declining trends.- Market demand and prices for coconuts and related products could influence production strategies.
