Thailand's import value of aircraft, spacecraft, and satellites showed significant fluctuations between 2013 and 2023. The actual data reveals an initial surge in 2013 followed by unstable variations with both significant increases and decreases over the past decade. By 2023, the value stood at 3.3373 Billion USD, marking a slight increase of 2.68% from the previous year. Over the last two years (2022-2023), there was an annual average growth of 5.45%. The compounded average growth rate (CAGR) for the last five years has been 4.89%.
Looking forward from 2024 to 2028, steady growth is anticipated with the forecasted CAGR at 2.03%, leading to an overall growth of 10.55% over the period. This points to a stabilizing trend in imports, reflecting a mature market with moderate but consistent growth. Key future trends to watch include technological advancements, government policies, and regional economic factors that could impact the aerospace sector’s dynamics in Thailand. Additionally, monitoring global supply chain shifts and emerging players in the market will be essential.
