The import value of virgin olive oil to Thailand for the forecasted period shows a consistent upward trend. From 2024 to 2028, the values are $10.843M, $11.143M, $11.437M, $11.725M, and $12.007M respectively. Noteworthy, the import value in 2023 stood at $10.5M.
Year-on-year (YoY) percentage variations provide a clear trend:
- 2023-2024: 3.26%
- 2024-2025: 2.99%
- 2025-2026: 2.64%
- 2026-2027: 2.52%
- 2027-2028: 2.40%
Future trends to watch for include potential shifts in Thailand's import policies, changes in global olive oil production affecting supply and prices, and the growing health awareness among Thai consumers which may boost demand for virgin olive oil. Monitoring these factors could provide deeper insights into the trends and variations in the import market.
