The import of whiskies to Thailand has shown a general downward trend from 2013 to 2023, with the value standing at $120.65 million in 2023. YoY variations provided significant peaks and troughs, with 2017 experiencing a drastic -20.06% drop while 2018 saw a 16.03% rebound. The last two years exhibited marginal declines at -0.83% in 2022 and -0.82% in 2023. The 5-year CAGR ending in 2023 stood at -1.28%, indicating a consistent decrease over recent years.
Future imports are projected to continue declining with a forecast 5-year CAGR of -0.7%, resulting in a forecasted 2028 value of $115.44 million. This suggests a slower but steady decrease over the coming years.
Future Trends to Watch:
- **Changes in consumer preferences** towards domestic or alternative alcoholic beverages.
- **Economic factors** such as disposable income levels and fluctuations in the Thai baht.
- **Regulatory changes** impacting import tariffs and trade agreements.
- **Geopolitical dynamics** affecting global trade routes and supply chain stability.
