Forecast: Import of Fermented Milk Products to Thailand

The import of fermented milk products to Thailand saw varying year-on-year changes from 2013 to 2023. In 2023, the value stood at $40.752 million, showing a slight year-on-year decrease of 0.5%. Over the past two years, there was an average annual decrease in import value, and the last five-year CAGR indicates a marginal decline of 0.29%

Key historical trends include significant fluctuations, with an initial substantial increase in 2014, followed by notable declines in subsequent years. Recent years have shown more stability with marginal, mostly negative variations.

Future trends to watch for include continued mild declines, as forecasted data suggest an average annual decrease of 0.42% through 2028. Market dynamics, consumer preferences, economic factors, and Thailand's dairy industry policies will be critical to monitor.