The import of table knives to Thailand saw significant fluctuations over the past decade. From 2013 to 2023, there were several years of sharp increases and dramatic declines. The import value stood at 1694.3 thousand USD in 2023. The most notable spike occurred in 2016 with a YOY increase of 498.03%, while 2017 saw a steep decline of 88.25%. Recent years exhibit moderate growth, with the last two years showing YOY increases of 1.4% and 1.35% respectively. Over the last five years, the compound annual growth rate (CAGR) for import value is calculated to be 7.68%.
Moving forward, imports are forecasted to grow at a more measured pace with a 5-year CAGR of 1.06%, indicating an anticipated slight increase in import values over the coming years. By 2028, the import value is projected to rise to 1812.2 thousand USD, reflecting a 5.42% growth from 2023. Key future trends to watch for include potential impacts from global trade policies, shifts in consumer demand, and advancements in supply chain efficiencies that could influence Thailand's import dynamics for table knives.
