The data on agricultural raw materials exports in Thailand from 2013 to 2023 show fluctuating trends, with peaks and troughs observed over different years. In 2023, the exports stood at 3.88 units. Year-on-year variations indicate significant shifts, with notable spikes such as in 2017 (27.37%) and declines like in 2014 (-18.68%). The recent two years show moderate fluctuations with a decline in 2022 (-1.38%) and 2023 (-5.67%). The average annual growth rate over the last five years (CAGR) stands at -0.84%, suggesting a marginal downward trend.
Looking ahead, the forecasted data from 2024 to 2028 indicates a continued gradual decline in exports, with the 2028 projected value at 3.68 units. The forecasted five-year CAGR is -0.79%, and the five-year growth rate shows an overall decrease of -3.87%.
Future Trends to Watch For:
- Impact of global economic conditions on demand and pricing of agricultural raw materials.
- Technological advancements in agricultural production and export processes.
- Changes in trade policies and agreements affecting Thailand's export markets.
- Environmental factors and climate change impacts on agricultural yield and export volumes.
