In 2023, Thailand's beer production stood at 2.61 million metric tons. Analyzing the data from 2014 to 2023, fluctuations are evident with notable growth in certain years, such as 2018's 15.62% increase, and dips like 2017's 7.07% decline. Over the past five years, the compound annual growth rate (CAGR) has been mild, averaging 0.18%. Short-term variations show relatively stable growth, with a 0.85% increase from 2022 to 2023.
Looking forward, forecasts indicate a slight annual growth rate of 0.67% through to 2028, with an overall forecasted five-year growth rate of 3.38%. This suggests a steady but slow increase in beer production.
Future trends to watch for include the potential impact of changes in consumer preferences, shifts toward craft beers, and the effects of regulatory changes on production capacity. Monitoring these factors will be crucial for understanding the trajectory of Thailand's beer industry.
