The import of cheese and curd to Thailand stood at 108.00 million US dollars in 2023. The forecasted values exhibit a steady growth trajectory, with an expected import value of 112.16 million US dollars in 2024, reaching up to 129.83 million US dollars by 2028. From 2023 to 2024, the year-on-year variation is approximately 3.85%. For the subsequent years, the annual growth rates are as follows: 4.06% from 2024 to 2025, 3.83% from 2025 to 2026, 3.61% from 2026 to 2027, and 3.41% from 2027 to 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is around 3.75%.
Future trends to watch for include changes in consumer preferences towards international dairy products, potential trade agreements or tariffs affecting import costs, and the impact of economic factors such as inflation and foreign exchange rates. Additionally, monitoring the competitive landscape of local versus imported cheese and curd products can provide insights into market dynamics.
