The hydroelectricity generation in Thailand experienced significant volatility from 2013 to 2023, peaking at 7.6 TWh in 2018 and dropping as low as 3.54 TWh in 2016. 2023 saw a 12.93% decline to 5.75 TWh from the previous year. This recent decline follows a year-on-year increase of 45.35% in 2022. Over the last five years, the compound annual growth rate (CAGR) has averaged at -5.43%, indicating a slight downward trend in this period.
Looking ahead, the forecasted data for 2024-2028 suggests gradual stability with minor growth, leading to a forecasted value of 5.84 TWh in 2028. The forecasted 5-year CAGR is minimal at 0.27%, indicating a stable but stagnant trend. The overall 5-year growth rate is projected at 1.34%.
Future trends to watch for include potential impacts of climate change on water resources, government energy policies, technological advancements in hydroelectricity efficiency, and competition from alternative renewable energy sources. These factors will be crucial in determining the future trajectory of Thailand's hydroelectricity generation.