Between 2013 and 2023, Thailand saw fluctuating imports of provisionally preserved cherries. Starting from 839.87 thousand USD in 2013, it reached 1823.4 thousand USD in 2023. Notable shifts include a significant rise in 2015 (+60.12%), followed by volatility with peaks in 2017 (+70.14%) and a notable dip in 2018 (-41.15%). The last two years exhibited stable growth, with a year-on-year increase around 3.59% in 2023. Over the past five years, the imports have grown at an average CAGR of 7.66%.
Future trends indicate a continued growth, though at a slower pace. The forecasted 5-year CAGR of 2.38% suggests a moderate but steady increase, reaching approximately 2121 thousand USD by 2028. The total projected growth rate over the next five years is 12.5%.
Future trends to watch for:
- Possible impacts of changing trade policies and tariffs.
- Shifts in global cherry supply chains and production volumes.
- Consumer demand changes in Thailand, particularly influenced by economic conditions.
- Potential influences of climate change on cherry yield worldwide.
