The import of central heating boilers, excluding steam generators, to Thailand is anticipated to decline from 4.8331 million USD in 2024 to 3.6659 million USD by 2028. In 2023, the import value stood at a higher figure, highlighting a negative trend over the forecast period. The year-on-year percentage decreases are as follows:
- 2024 to 2025: -6.22%
- 2025 to 2026: -6.50%
- 2026 to 2027: -6.82%
- 2027 to 2028: -7.16%
The compound annual growth rate (CAGR) over the five-year period indicates an average annual decline of 6.68%.
Future trends to watch for include technological advancements in energy-efficient heating solutions, potential shifts in regulatory policies towards sustainable energy practices, and possible increased competition from alternative heating technologies. Staying attuned to these factors can provide better insights into market dynamics.
