The forecast for the import of parts of steam or vapour generating boilers to Thailand from 2024 to 2028 shows a declining trend. Starting at 19.009 million USD in 2024, it steadily decreases each year, reaching 16.861 million USD in 2028. This forecasted decline represents a compound annual growth rate (CAGR) over the five-year period.
Comparing the imports to the previous year of 2023, 19.009 million USD in 2024 indicates no change. For 2025, the value of 18.456 million USD represents a -2.91% decline from 2024. By 2026, the import value of 17.913 million USD signifies a -2.94% year-on-year reduction from 2025. For 2027, the figure of 17.382 million USD implies another -2.96% decrease from 2026, followed by a -3.00% drop to 16.861 million USD in 2028.
Future trends to watch include advancements in boiler technology, shifts in international trade policies, and changes in Thailand's industrial energy requirements, which could impact these projections. Additionally, exploring alternative energy sources and local manufacturing capacities might alter the import trend.
