Based on the provided data, the import of fresh cheese to Thailand is expected to increase consistently from 2024 to 2028. In 2023, the value stood at 9.386 million US Dollars. For 2024, the forecasted value is 9.5795 million USD, showing a year-on-year increase of approximately 2.06% compared to 2023.
The year-on-year variations are as follows:
- 2024: 2.06%
- 2025: 2.16%
- 2026: 2.07%
- 2027: 1.99%
- 2028: 1.91%
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.04%.
Trends to watch for in the future include the increasing demand for Western cuisine in Thailand, driven by tourism and a growing expatriate community. Additionally, changes in trade policies and import tariffs could impact the cost and availability of fresh cheese. Finally, local consumer preferences and health trends may also influence the market dynamics.
