The import value of wooden office furniture to Thailand has shown significant fluctuations over recent years. In 2023, the import value stood at 377.71 thousand dollars. From 2013 to 2018, the data reveals an overall upward trend with fluctuations, including a notable drop in 2014 and substantial increases in subsequent years. Between 2019 and 2020, the values remained almost stable with slight decreases. From 2021 onwards, the trend exhibits a promising continuous growth, witnessing a moderate increase yearly. Specifically, the year-on-year variations over 2022 and 2023 were 4.4% and 4.13% respectively.
The last 5-year CAGR (2018-2023) shows a moderate growth of 3.48%. Forecasts suggest that imports will continue to grow steadily, reaching 456.01 thousand dollars by 2028, with a forecasted 5-year CAGR of 2.96%. The expected 5-year growth rate from 2024 to 2028 is 15.69%.
Future trends to watch for include changes in global economic conditions, shifts in trade policies, and advancements in sustainable materials impacting supply chains. Additionally, potential growth in remote working practices might influence the demand for office furniture in the coming years.
