The wine export volume in Thailand has shown substantial fluctuation over the past decade. Starting from 8.0 thousand metric tons in 2014 and reaching 18.0 thousand metric tons in 2023, exports experienced integers significant changes, indicating dynamic market conditions. Notable growth years include 2016 (33.33% increase) and 2018 (112.5% increase), while significant drops occurred in 2017 (-33.33%) and 2019 (-11.76%). The year-on-year growth in 2023 was 5.88%, with a 5-year CAGR of 1.15%. Forecasted data suggest moderate growth, culminating in 20.7 thousand metric tons by 2028, reflecting a 5-year CAGR of 2.38%.
Future trends to watch for include:
- Market diversification to maintain and increase growth rates.
- Impact of global economic conditions and trade agreements on export volumes.
- Development of new wine varietals catering to international tastes.
- Technological advancements in wine production and quality enhancements.
