Based on the forecasted data for sugar crops production in Thailand for the years 2024 to 2028, we observe a steady increase in production volumes. In 2023, the production stood at 133.12 million metric tons. The year-on-year growth from 2024 to 2028 is incremental, signaling a positive trend.
The year-on-year variations show consistent growth:
- 2024: 1.58% increase
- 2025: 1.61% increase
- 2026: 1.56% increase
- 2027: 1.50% increase
- 2028: 1.45% increase
Over the last two years, the production has improved by a moderate percentage, reflecting a stable growth trajectory. The Compound Annual Growth Rate (CAGR) over the next five years is anticipated to be approximately 1.54%.
Future trends to watch for include potential impacts from global trade dynamics, technological advancements in agricultural practices, and environmental factors such as climate change. Additionally, fluctuations in global sugar prices and domestic policy changes could influence production volumes.
