From 2014 to 2023, the maize feed volume in Thailand has shown a generally upward trend, reaching 4.11 million metric tons in 2023. Between 2014 and 2019, variations were significant, with a notable 18.15% increase in 2015 followed by a 9.48% decline in 2016. Despite year-on-year fluctuations, the compound annual growth rate (CAGR) over the last five years until 2023 is 0.82%, with a moderate 1.16% growth from 2022 to 2023.
Forecasts from 2024 to 2028 indicate a steady increase in maize feed demand, projected to reach 4.33 million metric tons by 2028. The 5-year forecasted CAGR is around 0.82%, aligned with an overall growth trend of 4.19% over this period.
Future trends to watch for include:
- Potential impacts of climate change on maize production
- Changes in feed technology and farming practices
- Economic fluctuations that could influence agricultural investment
