In 2023, the sugar cane market size volume in Thailand stood at X kilograms per capita. Forecasted data indicates a steady decline from 2024 to 2028. Specifically, the volume per capita is expected to decrease from 59.48 kilograms in 2024 to 56.79 kilograms in 2028.
Year-on-year variations show a consistent decrease of about:
• -1.18% from 2024 to 2025
• -1.14% from 2025 to 2026
• -1.15% from 2026 to 2027
• -1.13% from 2027 to 2028
Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately -1.15%.
Future trends to watch for include fluctuations in global sugar prices, changes in government policies on sugar production and export, advancements in agricultural technology, and shifting consumer preferences towards healthier alternatives to sugar.
