Rice production in Thailand displayed fluctuations over the past decade, peaking at 32.62 million metric tons in 2014 and declining to 30.17 million metric tons by 2023. The most significant yearly drop was in 2015 (-15.08%), followed by recovery phases in 2016 (+5.01%) and 2017 (+7.17%). Since 2018, the production displayed a more stable trend, albeit with slight declines. By 2023, rice production stood at 30.17 million metric tons, experiencing a year-on-year decrease of -0.31% and a five-year CAGR of -0.42%.
Future projections suggest a continued gradual decrease, with an expected five-year CAGR of -0.26%, predicting the production to reach 29.69 million metric tons by 2028, resulting in a 1.28% decline from current levels.
Future trends to watch for:
- - Effects of climate change on agricultural yields
- - Government policies on agricultural support and water management
- - Technological advancements in crop production
- - Global rice demand fluctuations
