The forecasted values for Thailand's centrifugal sugar exports see a steady increase from 2024 to 2028, starting at 8.91 million metric tons in 2024 and rising to 9.61 million metric tons by 2028, displaying consistent growth. In 2023, the actual export volume stood at 8.75 million metric tons.
Year-on-year variations are as follows:• 2024: 1.8%• 2025: 2.0%• 2026: 1.9%• 2027: 1.9%• 2028: 1.8%
The compound annual growth rate (CAGR) over the next five years from 2024 to 2028 is projected to be approximately 1.9%, reflecting moderate but steady expansion in export volumes.
Future trends to watch for include global demand fluctuations, particularly from key markets such as China and India, and the impact of international trade policies. Additionally, changes in domestic production capabilities and climatic conditions could significantly influence these projections.
