The orange and mandarin market in Thailand has shown relatively stable trends over the years. As of 2023, the market size volume stood at 544 thousand metric tons. A notable fluctuation occurred between 2014 and 2017, with significant drops and increases in year-on-year variations, but the market stabilized from 2019 onward, maintaining a consistent volume of 544 thousand metric tons from 2020 through 2023.
Key trends:
- 2015 saw a significant decrease of -8.74% year-on-year.
- Recovery occurred in 2016 with a 6.99% increase.
- Minor variations until 2019, after which the market size stabilized.
- The CAGR across the last 5 years shows a minimal increase of 0.037%.
Future trends to watch:
From 2024 onward, the forecast indicates a static market with no expected increase in volume. Monitoring changes in consumer demand, potential impacts of climate change, and shifts in agricultural practices will be critical for future market assessments.
