Thailand's natural rubber yield displayed a decreasing trend from 2013 to 2023, dropping from 16.34 thousand hectograms per hectare in 2013 to 14.51 thousand hectograms per hectare in 2023, reflecting a year-on-year decline of 0.49% for 2023 and an average annual decline (CAGR) of 0.7% over the last five years. This sluggish trend is indicative of stagnant productivity in the natural rubber sector.
Future projections from 2024 to 2028 forecast a continued decline in yield with an average annual decrease (CAGR) of approximately 0.41%, culminating in a rate of 14.14 thousand hectograms per hectare by 2028. Like historical data, the forecasted growth rate remains negative, marking a slow but consistent downturn in productivity.
Future trends to watch for include potential technological advancements in agricultural practices, climate change impacts, and policy changes affecting the rubber industry. Developing sustainability initiatives and incorporating resilient farming techniques could mitigate declining yields.
