1、THAILAND INDUSTRY OUTLOOK 2023-25CASSAVA INDUSTRYKrungsri ResearchFebruary 2023All material presented in this report,unless specifically indicated otherwise,is under copyright to Krungsri Research.None of the material,nor its content,nor any copy of it,may be altered in anyway,or copied to any other

2、 party,without the prior express written permission of Krungsri Research.This document is based on public information believed to be reliable.Nevertheless,Krungsri Research would not affirm the accuracy and completeness of this information.We accept no liability whatsoever for any direct or conseque

3、ntial loss arising from any use of this document or its content.Information,opinions and estimates contained in this report are our own,which are not necessarily the opinions of Bank of Ayudhya Public Company Limited and its affiliates.It reflects a judgment at its original date of publication by Kr

4、ungsri Research and are subject to change without notice.DisclaimerFor research subscription,Subscribe UsAuthorChaiwat SowcharoensukSenior A+662 296 2000 Ext.50880 EXECUTIVE SUMMARY3Krungsri ResearchKrungsri Research sees the Thai cassava industry enjoying solid rates of growth over the years 2023 t

5、o 2025.Through the period,demand will remain strong from both domestic industrial consumers,especially the food processing and ethanol industries,and overseas buyers,most obviously from market expansion in China.Demand from the latter will be buoyed by:(i)increased consumption by industry,especially

6、 for use as an input into the production of ethanol,animal feed,and disinfecting alcohol,for which demand will continue to be stoked by ongoing outbreaks of COVID-19;and(ii)concerns over food and energy securities that are being driven by the now drawn-out war in Ukraine and that have fed into incre