The import of wheat meal to Thailand has shown a steady increase over recent years and is projected to continue this trend through 2028. The actual value in 2023 stood at $188, which serves as a baseline for our analysis. The forecasted data for 2024 to 2028 indicates a consistent upward trajectory.
Year-on-year variation in percentage highlights a modest increase:
- 2024: 1.2%
- 2025: 0.8%
- 2026: 0.8%
- 2027: 0.8%
- 2028: 0.7%
The Compound Annual Growth Rate (CAGR) over the last five years averages around 0.87%, indicating sustained but slow growth in the import of wheat meal.
Future trends to watch for include changes in domestic production capacity, shifts in consumer demand for wheat-based products, and alterations in international trade policies that could impact import volumes and values. Monitoring these factors will be crucial for anticipating future market dynamics.
