In 2023, Thailand imported 351.0 million kilograms of coconuts. The forecasted data from 2024 to 2028 indicates a consistent upward trend in import volumes. The year-on-year variations are as follows: +4.2% for 2024, +4.4% for 2025, +4.1% for 2026, +3.9% for 2027, and +3.6% for 2028. The average annual growth rate (CAGR) over this five-year period is approximately 4.0%.
Future trends to watch for:
- Potential shifts in global coconut production and supply chains, affecting import volumes.
- Changes in domestic demand and consumption patterns tied to economic and demographic factors.
- Impact of trade policies and international agreements on the cost and availability of imported coconuts.
- Technological and agricultural advancements in coconut cultivation that might influence import needs.
- Environmental factors, including climate change, which can impact coconut yield and supply.
