Reference
·Supporting source
Thailand animal feed sector revenue (2020-2024)
~THB 320B (2024)
Thailand's compound animal feed manufacturing sector reached an estimated THB 315-325 billion in 2024 per the Thai Feed Mill Association (TFMA), the Office of Agricultural Economics (OAE), and NESDC industrial-sector accounts. The 2020 COVID trough at roughly THB 245 billion reflected weak poultry and swine pricing plus African Swine Fever (ASF) demand destruction. Recovery was driven by 2021-2022 corn and soybean price spikes that lifted nominal revenue, poultry export rebound to Japan, EU, and the Middle East, and post-2023 swine herd reconstitution after ASF. CPF, Betagro, GFPT, Laemthong Corporation, and Tannet anchor the operator footprint.
Figure in context
Thailand's compound animal feed manufacturing sector reached an estimated THB 315-325 billion in 2024 per the Thai Feed Mill Association (TFMA), the Office of Agricultural Economics (OAE), and NESDC industrial-sector accounts. The 2020 COVID trough at roughly THB 245 billion reflected weak poultry and swine pricing plus African Swine Fever (ASF) demand destruction. Recovery was driven by 2021-2022 corn and soybean price spikes that lifted nominal revenue, poultry export rebound to Japan, EU, and the Middle East, and post-2023 swine herd reconstitution after ASF. CPF, Betagro, GFPT, Laemthong Corporation, and Tannet anchor the operator footprint.
Interpretation notes
What this tells you
Thailand's compound animal feed manufacturing sector reached an estimated THB 315-325 billion in 2024 per the Thai Feed Mill Association (TFMA), the Office of Agricultural Economics (OAE), and NESDC industrial-sector accounts. The 2020 COVID trough at roughly THB 245 billion reflected weak poultry and swine pricing plus African Swine Fever (ASF) demand destruction. Recovery was driven by 2021-2022 corn and soybean price spikes that lifted nominal revenue, poultry export rebound to Japan, EU, and the Middle East, and post-2023 swine herd reconstitution after ASF. CPF, Betagro, GFPT, Laemthong Corporation, and Tannet anchor the operator footprint.
What not to do with it
Values in THB billion. Compound feed manufacturing revenue across poultry, swine, aquaculture, and pet segments. Nominal terms.
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