Thailand's banana export volume stood at 38 thousand metric tons in 2023, showing no year-on-year variation from 2022. The last five years witnessed an average annual decrease of 0.52%. Key variations include a significant drop by 26.47% in 2016 followed by a recovery through 2017 and 2018 with increases of 16% and 34.48% respectively. Post-2018, the trend stabilized with minor fluctuations, reflecting a mature market with consistent demand.
Looking forward, the forecasted data suggest stability with minor growth, predicting a Compound Annual Growth Rate (CAGR) of 0.51% and an overall increase of 2.56% in export volume by 2028. Future trends to watch for include potential market expansions, changes in global demand, and Thailand's adaptation to agricultural technologies and trade policies to enhance banana yields and export capacities.
