The sugar cane market size in Thailand stood at 4.2 million metric tons in 2023. This represents a year-on-year decline of -0.94% from the previous year. Over the last 5 years, the market has experienced a compound annual growth rate (CAGR) of -0.93%, indicating a consistent, albeit modest, decline. Since 2014, the market has shown a downward trend with minor fluctuations, reflecting a broader decline influenced by various market dynamics. The forecast for the next 5 years suggests a continued decrease, with a -0.8% CAGR, predicting a market size of 3.99 million metric tons by 2028.
Future trends to watch for include technological advancements in sugar cane production, government policies affecting agriculture, and international market demand shifts that could influence Thailand's sugar cane market trajectory.
