The production of sweeteners in Thailand has shown notable fluctuation over the past decade. In 2023, the volume stood at 18.3 million metric tons with a year-on-year variation of 1.92%. From 2014 to 2023, the Compound Annual Growth Rate (CAGR) was 0.27%. Key variations included a significant dip in 2016 by 10.62%, followed by a sharp increase in 2018 by 35.43%. The recent five years, however, have indicated a stabilizing trend with smaller year-on-year variations ranging from -2.95% to 7.45%. For the upcoming period from 2024 to 2028, the forecasted CAGR is 1.47%, implying a 7.59% growth over five years.
Future trends to watch for include potential impacts from technological advancements in agricultural practices, changes in global demand for sweeteners, and potential shifts in regulatory frameworks affecting production standards and environmental policies.
