The primary fibre crops production in Thailand is currently facing a significant decline. In 2023, the production stood at a certain point, but forecasts from 2024 onwards indicate a steep decrease. Specifically, from 2024 to 2025, there is an 21.7% reduction, followed by a 27.1% drop from 2025 to 2026. The downward trend continues with a 36.5% decrease from 2026 to 2027, and a drastic 56.3% fall from 2027 to 2028.
The CAGR for the period from 2024 to 2028 is notably negative, highlighting an average annual decline rate of approximately 38.4%.
Future trends to watch for include potential technological advancements or policy changes that may aim to stabilize or even boost production. Additionally, shifts in global fibre crop demand and domestic agricultural policies could play pivotal roles in influencing future production levels.
