The forecast for Corn Feed and Residual in Thailand shows a steady increase from 2024 to 2028. In 2024, the value stands at 7.0 million metric tons. It is expected to grow to 7.13 million metric tons in 2025, 7.27 million metric tons in 2026, 7.4 million metric tons in 2027, and 7.53 million metric tons in 2028. Compared to 2023, the year-on-year variations are positive, indicating consistent growth.
• 2024: 7.0 million metric tons
• 2025: Up by approximately 1.86% year-over-year
• 2026: Up by approximately 1.96% year-over-year
• 2027: Up by approximately 1.79% year-over-year
• 2028: Up by approximately 1.75% year-over-year
Over the five-year period, the Compound Annual Growth Rate (CAGR) is around 1.84%, reflecting a stable upward trend.
Future trends to watch for include potential impacts of climate change on agricultural production in Thailand, changes in domestic and international demand for corn, and developments in agricultural technology that could affect yield and efficiency. Monitoring these factors can provide further insights into the sustainability of the projected growth in corn feed and residual.
