Sugar cane production in Thailand is forecasted to grow steadily from 152.17 million metric tons in 2024 to 169.67 million metric tons by 2028. The production stood at 148.0 million metric tons in 2023, based on actual data. This indicates a year-on-year growth rate of approximately 2.97% from 2023 to 2024. The average year-on-year variation over the past two years (2022-2023) was around 3.33%. Looking ahead, the compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is expected to be 2.73%.
Future trends to watch for include:
- Improved agricultural techniques and technological advancements.
- Weather patterns and their impact on crop yields.
- Global sugar market dynamics and trade policies.
