The import of revolvers and pistols to Thailand has shown significant fluctuations over the past decade. In 2013, the value stood at approximately 112.94 thousand kilograms. It experienced a steady decline until 2016, followed by a sharp spike in 2017. Over the next few years, the imports maintained an overall upward trend. By 2023, the import volume rose to 366.46 thousand kilograms. Year-on-year percentage variations fluctuated significantly, marking notable highs in 2017 (+762.21%) and 2018 (+46.37%) and lows in 2016 (-31.32%) and 2014 (-46.68%). Over the last five years, the compound annual growth rate (CAGR) averaged at 3.52%.
The forecast for the next five years indicates a continued increase in imports, with expectations to reach 457.33 thousand kilograms by 2028, reflecting a forecasted CAGR of 3.52%. This suggests a stable growth pattern for the near future.
Future trends to watch for include regulatory changes in Thailand that may impact import policies, regional security dynamics influencing demand, and technological advancements in firearm safety and manufacturing that could alter preferences and volumes of imports.
