Forecasting the centrifugal cane sugar production in Thailand, the data indicates a consistent upward trend. Starting at 10.23 million metric tons in 2024, the expected production increases each year, reaching 10.65 million metric tons by 2028. Compared to the actual data from 2023, this signifies a steady growth pattern.
Year-on-year, the percentage growth from 2024 to 2025 is approximately 0.98%, from 2025 to 2026 is around 1.06%, and from 2026 to 2027 is about 0.96%. From 2027 to 2028, the growth is forecasted at 1.04%. This shows a stable growth trajectory, with slight fluctuations in the annual increase percentage.
The Compounded Annual Growth Rate (CAGR) over the forecast period from 2023 to 2028 is approximately 1%. This indicates a modest but consistent expansion of the sugar production sector in Thailand.
Future trends to watch for include potential changes in global demand for sugar, advancements in agricultural technology, environmental impacts, and government policies that could affect the production rates. Additionally, climate change and its effects on crop yields will be crucial to monitor, as these factors significantly influence agricultural outcomes.
