Thailand's wine import volume remained stable from 2014 to 2015 at 16.0 thousand metric tons. A slight decrease occurred in 2016 and 2017 to 15.0 thousand metric tons. However, from 2018 onwards, the trend shows a steady increase, with the import volume growing to 19.0 thousand metric tons by 2023.
Year-on-year variations reflect noticeable fluctuations:- 2016 saw a decrease (-6.25%).- In 2018, a significant increase of 26.67% was observed.- The years 2019 and 2020 experienced slight declines of -5.26% and -5% respectively.- The subsequent years showed moderate growth with a 5.26% increase in 2021 and 5.56% in 2022.- By 2023, the growth stabilized at 0%.
Analyzing a longer period, the overall Compound Annual Growth Rate (CAGR) from 2019 to 2023 stood at approximately 4.84%.
Forecasted data for the next five years predicts a gradual growth, with an annual average growth rate (CAGR) of 0.89%, leading to a 4.53% increase in total by 2028.
Future trends to watch for include changes in consumer preferences towards premium and organic wines, potential impacts of international trade agreements, and economic shifts within Thailand that could affect import patterns. Additionally, market responses to global wine industry innovations and sustainable practices will be pivotal.
