In 2023, Thailand's import of silver jewellery and parts of precious metals stood at approximately 165 million US Dollars. The forecasted values for the subsequent years are as follows: 2024 - 172.54 million, 2025 - 179.43 million, 2026 - 186.18 million, 2027 - 192.8 million, and 2028 - 199.29 million US Dollars. The year-on-year growth rates for 2024, 2025, 2026, 2027, and 2028 are approximately 4.57%, 4%, 3.77%, 3.56%, and 3.37% respectively. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.84%.
Future trends to watch for include fluctuations in global silver prices, changes in Thai consumer preferences, and potential shifts in trade policies and import regulations. Monitoring these factors will be crucial for predicting further imports. Additionally, the impact of technological advancements in jewellery manufacturing and international economic conditions could influence import dynamics.
