Based on the provided data, the import of meat of sheep or goats to Thailand is forecasted to grow steadily from 2024 to 2028. Starting from a value of 19.997 million USD in 2024, the imports are expected to increase to 22.961 million USD by 2028. This progression indicates consistent year-on-year growth, with a noticeable compound annual growth rate (CAGR) over this five-year period.
Key year-on-year variations in percentage:
- 2024 to 2025: 3.81%
- 2025 to 2026: 3.61%
- 2026 to 2027: 3.41%
- 2027 to 2028: 3.24%
The average annual growth rate (CAGR) over the last five years is approximately 3.52%. It is essential to note that these are forecasted values, and the actual imports for 2023 should be taken into account for more accurate trend analysis.
Future trends to watch for include potential changes in global trade policies, shifts in consumer preferences toward different meat types, and any economic factors that could impact import levels. Monitoring these variables will be crucial for anticipating further market dynamics.
