The centrifugal raw sugar production in Thailand demonstrated fluctuating trends between 2013 and 2023, standing at 16.715 million metric tons in 2023. Over the last two years, production grew by 3.35% in 2022 and 3.18% in 2023. The average annual growth rate (CAGR) over the past five years was 1.61%, indicating moderate expansion.
From 2013 to 2023, production showed significant ups and downs, with notable increases in 2014 (12.22%) and 2018 (43.88%), and a major decline of 15.83% in 2016. The forecast suggests a continued upward trajectory, with an expected 5-year CAGR of 2.35%, reaching 19.404 million metric tons by 2028.
Future trends to watch for:
- Market dynamics affecting sugarcane yield and quality.
- Impact of climate change and weather patterns on production cycles.
- Shifts in global sugar demand and trade policies.
- Technological advancements in sugar extraction and processing.
