Molasses production in Thailand showed a fluctuating trend from 2013 to 2023, starting at 4.541 million metric tons in 2013 and reaching 6.5508 million metric tons in 2023. The notable peaks in production occurred in 2018 and 2021, with values of 6.1485 and 6.1787 million metric tons respectively, driven by favorable agricultural conditions. Year-on-year variation highlights significant changes, with the highest increase of 49.96% in 2018, while 2017 and 2019 saw declines of -4.65% and -5.81% respectively. The Compound Annual Growth Rate (CAGR) over the last 5 years was 1.28%, indicating moderate growth.
Future trends to watch include advancements in agricultural technologies and practices that can further stabilize and boost production. Policy changes and global market demand for molasses will also play critical roles in shaping production levels. Enhanced efficiency in production and sustainable practices could lead to higher yield fulfillment in the coming years.