Thailand's furniture exports to Japan were valued at 140 million US Dollars in 2023. The forecast for the upcoming years indicates a consistent decrease: 135.68 million USD in 2024, 130.17 million USD in 2025, 124.76 million USD in 2026, 119.47 million USD in 2027, and 114.28 million USD in 2028. This trend shows a notable year-on-year decline, with the value dropping by approximately 3.69% in 2025 and 4.16% in 2026. Over the five-year period, the compound annual growth rate (CAGR) is around -4.04%.
Future trends to watch for include potential shifts in consumer preferences in Japan towards more sustainable or locally-sourced furniture, economic fluctuations in either market, and Thailand’s ability to innovate within the furniture sector to counter declining exports.
