The demand for grapes in Thailand has shown significant fluctuations over the past decade. Starting from 177,000 metric tons in 2014, it peaked at 252,000 metric tons in 2017 before slightly dipping in 2018 to 222,000 metric tons. The market began to stabilize again, reaching 250,000 metric tons in 2023. The year-on-year variation from 2022 to 2023 was 1.21%, while the Compound Annual Growth Rate (CAGR) over the past five years was 2.4%.
Between 2024 and 2028, the demand for grapes is forecasted to grow at a modest pace, reaching 266,000 metric tons by 2028. The CAGR for this five-year period is projected to be 0.93%, with an overall growth rate of 4.72%.
Future trends to watch for:
- Shifts in consumer preferences toward healthier diets which could increase demand for fresh fruits.
- Impact of trade policies and tariffs on grape imports.
- Technological advancements in agriculture which could affect supply and pricing.