The export of compressors for refrigerating equipment from Thailand has shown significant fluctuation from 2013 to 2023. Starting from 75.63 million kg in 2013, it reached 163.68 million kg in 2023. Over this period, there have been both significant growth years, such as in 2014 and 2021, and sharp declines, notably in 2020. The average annual growth rate (CAGR) over the past five years stood at 3.11%, reflecting moderate annual growth despite the fluctuations.

Looking ahead, the forecasted data suggests continued growth, with exports expected to reach 186.99 million kg by 2028. The expected 5-year CAGR is 2.09%, indicating a steady but modest increase in export volumes. The forecasted 5-year growth rate is 10.92%, signifying overall positive growth trends.

Future trends to watch for:

Technological advancements in refrigerating equipment that may boost demand.
Potential impacts of global trade policies and economic conditions on Thai exports.
Sustainability and environmental regulations influencing production and export volumes.
Global market demand shifts due to changing consumer preferences and climatic conditions.