Beef meat production in Thailand, as of 2023, stood at 172.0 thousand metric tons, reflecting a minor year-on-year increase of 0.58%. Over the last five years, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 0.47%. Historical data shows notable fluctuations with periods of decline, such as a 5% decrease in 2020, followed by a substantial rebound of 5.88% in 2021, stabilizing to a steady growth observed in recent years.
Future forecasted trends indicate a modest growth trajectory with an annual average of 0.24% CAGR from 2024 to 2028, resulting in an overall increase of 1.22% by 2028. Key trends to watch will include factors influencing beef production such as technological advancements in farming practices, shifts in consumer demand, and impacts of climate change on agriculture. Ensuring sustainable growth and keeping pace with domestic and global demands will be essential for the sector.
