Thailand's import of prepared or preserved cherries showed notable fluctuations between 2013 and 2023, with the peak occurring in 2017 at 813.33 thousand kilograms. The latest figure for 2023 stands at 534.94 thousand kilograms, marking a continued decline over the past few years. Between 2022 and 2023, the year-on-year variation was a decrease of 2.57%. Analyzing the trend over the last five years (2018-2023), the compound annual growth rate (CAGR) demonstrates a slight decline of 0.076% per year.
Looking forward, the forecast data suggests a continued decrease in imports, with an estimated 5-year CAGR of -2.35% from 2024 to 2028. By 2028, imports are projected to decline to 461.17 thousand kilograms, reflecting an overall reduction rate of 11.22% from 2023 levels.
Future trends to monitor include varying consumer preferences, potential trade policy changes, and global economic conditions that could influence the import patterns. Additionally, shifts in local production capabilities and technological advancements in preservation methods may also impact the demand-supply dynamics over the next five years.
