Import of Fortified Wine or Must to Thailand has shown significant changes from 2013, starting at $36.059 million and reaching $58.966 million in 2023. After a dip from 2015 to 2017, there was a striking 50.48% rise in 2018, followed by steady growth. The year 2023 saw a moderate 3.57% increase with imports standing at $58.966 million. The last two years showcased 3.78% and 3.57% variations respectively, highlighting consistent growth. The compound annual growth rate (CAGR) over the past five years is 9.99%, indicating a robust upward trend.
Future trends to monitor include changing consumer preferences towards premium and flavored fortified wines, potential regulatory changes affecting import tariffs, and the influence of global economic conditions on trade dynamics. Observing these trends will be key in strategically navigating and forecasting future imports.
