The import of sparkling grape wines to Thailand has shown significant fluctuations over the past decade with a peak value of 1.915 million kilograms in 2023. From 2013 to 2023, the imports generally trended upward despite occasional declines. Year-on-year variations reveal some volatility: notable increases were witnessed in 2015 (41.91%) and 2018 (21.2%) while certain years saw reductions, such as in 2014 (-15.97%). The 5-year CAGR from 2019 to 2023 stood at 3.32%. The forecast from 2024 to 2028 anticipates continued growth, albeit at a more moderate pace with a 5-year CAGR forecast of 2.63%.
Future trends to watch include the increasing demand for premium and luxury sparkling wines driven by rising disposable incomes and a growing interest in Western lifestyles. Additionally, market dynamics could be influenced by changing trade policies and tariffs, as well as evolving consumer preferences towards organic and sustainably produced wines.
