In 2023, Thailand imported grated or powdered cheese valued at around 18.885 million US dollars. The forecasted data show a steady year-on-year increase from 2024 to 2028: 19.664 million USD in 2024, 20.502 million USD in 2025, 21.324 million USD in 2026, 22.13 million USD in 2027, and 22.919 million USD in 2028. This represents a consistent growth pattern with annual percentage increases of approximately 4.32% from 2024 to 2025, 4.01% from 2025 to 2026, 3.78% from 2026 to 2027, and 3.56% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is about 3.52%.

Future trends to watch for include:

Possible changes in trade policies affecting cheese imports.
Shifts in consumer preferences, possibly due to dietary trends or changes in income levels.
Fluctuations in global dairy prices which could impact import costs and volumes.
Developments in local cheese production capabilities in Thailand.