Cheese production in Thailand has seen fluctuating trends from 2013 to 2023. In 2023, the production stood at 4.37 thousand metric tons. The year-on-year increase from 2022 to 2023 was 0.76%. Over the past five years (2018-2023), the compound annual growth rate (CAGR) was 0.8%, indicating a relatively stable growth pattern. Production exhibited minor dips and rebounds, with notable decreases in 2014 and 2020, but generally maintained a positive trajectory moving forward.
Looking ahead, cheese production in Thailand is forecasted to continue modest growth, reaching 4.54 thousand metric tons by 2028. The forecasted CAGR for the next five years (2024-2028) is 0.6%, leading to an overall growth rate of 3.05% in that period.
Future trends to watch for:
- Consumer preferences: Health, nutrition, and local flavors influence cheese consumption patterns.
- Economic factors: Thailand's economic stability and disposable income levels affect cheese demand.
- Global markets: Export opportunities and international competition may impact local production.
- Technological advancements: Innovations in dairy production methods and efficiency could enhance yield.
