From 2013 to 2023, Thailand's imports of grape wines and grape must have shown variable trends. There was a notable dip from 2013 to 2017, followed by significant spikes in 2018 and a continued upward trend up to 2023. In 2023, the imports stood at 79.917 million USD, representing an increase of 3.53% year-on-year, with a 5-year CAGR of 2.15%. Looking forward, the imports are expected to grow consistently with a forecasted 5-year CAGR of 2.57%, reaching 94.144 million USD by 2028, indicating a projected growth rate of 13.55% over the period.
Future trends to watch for include:
- Changes in consumer preferences towards premium grape wine brands.
- Impact of local economic policies on import taxes and duties.
- Potential growth in domestic wine production, which could influence import volumes.
- Global supply chain disruptions and their possible effects on import costs.