Key Market Indicators
Thailand's import of electrical equipment is projected to hit nearly $57.6 billion by 2028, up from approximately $51 billion in 2023. This represents an average annual growth rate of 1.9%. The demand for electrical equipment in Thailand has been on a steady rise, increasing by 2.4% annually since 1993. On the export front, Thailand is expected to see its electrical equipment exports reach around $43.5 billion by 2028, climbing from roughly $39.1 billion in 2023. This marks an average yearly growth rate of 1.7%. The country's supply of electrical equipment has experienced a consistent annual increase of 2.2% since 1994.
