The table grape supply in Thailand has shown considerable volatility from 2013 to 2023, peaking at 157 thousand metric tons in 2016 before experiencing a sharp decline to 102.7 thousand metric tons in 2021. The supply saw a slight recovery in 2022 and stabilized around 131.93 thousand metric tons in 2023.
- From 2013 to 2016, the supply showed robust growth with significant year-on-year increases, peaking at an average annual growth (CAGR) of 25.59% in 2015.
- However, from 2017 onwards, fluctuations became more pronounced, with notable drops in 2017 (-9.04%) and 2018 (-13.03%), as well as a sharp decline in 2021 (-26.75%).
- Despite the volatility, the market showed signs of recovery with a 26.58% increase in 2022 and a more modest 1.48% increase in 2023.
- Looking forward, from 2024 to 2028, the forecast suggests a stable growth rate with an average annual increase (CAGR) of 1.92% over the next five years, culminating in a 9.97% total growth.
Future trends to watch for include potential impacts of climate change on production, shifts in consumer preferences towards locally sourced produce, and trade policies that could affect import stability. Monitoring global trade dynamics and advancements in agricultural technology will also be crucial in anticipating future market shifts.