In 2023, the primary oilseeds yield in Thailand stood at 34.91 thousand hectograms per hectare. Observing the actual data from 2013 to 2023, the yield presented a fluctuating trend, with notable variations such as a 13.58% increase in 2013 and an 8.43% decrease in 2015. Over the last two years, year-on-year variations were 2.37% in 2022 and 2.27% in 2023. Observing the past five years, from 2019 to 2023, the Compound Annual Growth Rate (CAGR) was 2.59%, indicating moderate growth in yield.
Forecasting from 2024 to 2028, the yield is expected to continue to increase, reaching 38.96 thousand hectograms per hectare in 2028, with a five-year CAGR of 1.73%. The overall five-year growth rate during this future period is projected to be 8.94%.
Future trends to watch for include advancements in agricultural technology, climate change impacts, and policy changes that could affect yield. These factors will be essential in determining the direction and magnitude of future yield variations in Thailand's primary oilseed production.