Over the past decade, Thailand's import volume of distilled alcoholic beverages has shown considerable fluctuations with an overall decreasing trend. The volume stood at 36.0 thousand metric tons in 2014 but gradually declined to 27.0 thousand metric tons in 2023, reflecting a compound annual growth rate (CAGR) of -2.73%. Notable year-on-year variations include a significant decrease of 16.67% in 2015 and a substantial increase of 29.17% in 2018. The import volume stabilized at 27.0 thousand metric tons over the last three years, showing no year-on-year variation from 2021 to 2023.
Looking ahead, the forecast indicates a continued decrease in import volume. By 2028, the volume is expected to drop to 24.75 thousand metric tons, representing a forecasted five-year CAGR of -1.28% and an overall growth rate decline of 6.22% compared to 2023.
Future trends to watch for include potential changes in consumer preferences, economic factors affecting disposable income, regulatory changes in Thailand's alcohol import policies, and competition from domestically produced alternatives. Monitoring these factors can provide further insights into the import market’s trajectory.