The apples market in Thailand is projected to decrease significantly over the forecasted period from 2024 to 2028. The market size volume is set to decline by 44.0 thousand metric tons in 2024 and progressively decrease by values reaching 34.0 thousand metric tons by 2028. Comparing the year-on-year variations, the market is set to shrink by roughly 4.5% from 2024 to 2025, almost 7.1% from 2025 to 2026, around 5.1% from 2026 to 2027, and approximately 8.1% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five years leading up to 2028 is projected to reveal an alarming average annual decline.
Future trends to watch for in the apples market in Thailand include potential shifts in consumer preferences towards local fruits or alternative fruits, which might be healthier, cheaper, or more readily available. Additionally, changing economic conditions, import policies, and climatic changes could further impact the market dynamics for apples in Thailand.
