The infant food export volume in Thailand has shown considerable volatility over the past decade. From a high of 8.0 thousand metric tons in 2014, it decreased substantially to a low of 4.0 thousand metric tons in 2017, before stabilizing around 5.0 thousand metric tons between 2021 and 2023. As of 2023, the volume stands at 5.0 thousand metric tons.
The year-on-year variation has been significant, with key observations including a sharp 37.5% decline in 2015, a 50% increase in 2018, and several years of stability or minor fluctuations. Over the last 5 years, the average variation per year, represented by the CAGR, is -3.58%.
Looking ahead, forecasted data indicates a downward trend, with the infant food export volume expected to decrease by approximately 11.27% from 2023 to 2028. The forecasted 5-year CAGR is -2.36%, suggesting a persistent decline, albeit at a slower rate than in previous years.
- Future trends to watch for: Changes in global demand, potential tariff and trade policy impacts, economic conditions impacting consumer spending, and innovation in infant food products could alter export volumes.
