The production of Tangerines, Satsumas, Clementines, and Mandarines in Thailand has shown significant fluctuation over the past decade. From a high of 184.07 thousand metric tons in 2018, production has steadily declined, reaching 95.27 thousand metric tons in 2023. The year-on-year variation over the last two years indicates a continuous decline of -12.41% in 2022 and -13.88% in 2023. The compounded annual growth rate (CAGR) over the past five years stands at a negative -12.34%, illustrating a consistent downward trend.
Looking ahead, the forecasted data suggests this decline will continue at an accelerated rate, with a forecasted 5-year CAGR of -28.11%, resulting in a drastic drop to only 15.06 thousand metric tons by 2028, translating to an -80.79% decrease over the forecasted period.
Future trends to watch for:
- Potential market shifts in domestic and international demand for these citrus fruits.
- Impact of climate change and agricultural practices on crop yield.
- Innovations in farming technologies that could reverse the declining trend.
- Government policies and support initiatives for the agricultural sector.
