In 2023, the banana production in Thailand stood at 1.2311 Million Metric Tons. Over the last two years, the year-on-year variations showed a slight decrease, with -0.67% in 2022 and -0.66% in 2023. The average annual variation over the past five years was -0.55%. From 2013 to 2023, Thailand’s banana production fluctuated significantly, peaking in 2014 with a 35.57% increase from the previous year but also experiencing significant declines such as a -26.15% decrease in 2015.

Future trends to watch for:

The forecasted 5-year CAGR from 2024 to 2028 is -0.56%, indicating a gradual decline in production levels.
Monitor potential changes in agricultural practices, climate change impacts, and government policies that could affect production.
Keep an eye on advancements in banana cultivation technology and methods that could counteract the declining trend.