The export value of dried fruits from Thailand has demonstrated a consistent upward trend from 2013 to 2023, standing at $460.66 million in 2023. While growth has been solid overall, there have been fluctuations, such as notable increases in 2016 (41.14%) and 2017 (35.74%), and slight declines in 2015 (-2.97%) and 2018 (-3.24%). The last two years showed moderate year-on-year growth, with 4.16% in 2022 and 3.92% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 was 4.44%, indicating stable progress.
Looking ahead, the forecast shows continued growth, with the export value expected to reach $551.35 million by 2028. The forecasted 5-year CAGR is 2.82%, with a total growth rate of 14.93% over the period. Such projections portray a positive trend, albeit slightly slower than the past.
Future trends to watch for:
- Potential market expansion to new regions and the impact of trade agreements.
- Influence of changing consumer preferences towards natural and healthy snacks.
- Technological advancements in drying processes and supply chain efficiencies.
- Macroeconomic factors, including currency exchange rates and global economic conditions.
