The import of Blood, Antisera, Vaccines, Toxins, and Cultures to Thailand has shown a consistent upward trend from 2013 to 2023. In 2023, the value stood at 699.31 million USD. Between 2013 and 2022, the imports grew substantially, with notable increases in years like 2016, 2017, and 2018. While 2022 experienced a decline by 5.1%, there was a recovery in 2023 with a 4.12% increase. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was 3.92%, indicating a slowing growth trend compared to earlier periods.
Future projections reveal a moderate increase with the 5-year forecast CAGR expected at 2.63%, resulting in an overall forecasted growth rate of 13.86% by 2028. It's important to monitor factors such as global health crises, regulatory changes, and advancements in biotechnology, as these could significantly impact import demands and costs in the coming years.
