The export value of sparkling grape wines from Thailand has shown a fluctuating pattern over the years. Starting from a higher value in 2013, it faced a significant downtrend till 2015 followed by a series of recovery periods and fluctuations. Recent years have witnessed a steady increase with the export value reaching approximately USD 3.229 million in 2023. The last two years indicate a moderate increase of 4.43% in 2022 and 4.16% in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) stands at 0.83%, highlighting a gradual upward trend.
Looking forward, the forecast predicts a consistent growth trend with an expected CAGR of 2.97% over the next five years, leading up to a projected value of USD 3.9025 million by 2028.
Future trends to watch for:
- Potential impacts of global economic conditions and trade policies on export values.
- Shifts in consumer preferences towards sparkling grape wines.
- Innovation and marketing strategies by Thai wine producers to enhance market presence.
- Competitive dynamics in the global sparkling wine market affecting Thailand's export volumes and values.
