The import of flower seeds for sowing to Thailand has experienced significant growth from 2013 to 2023, increasing from 359.84 thousand USD to 2259.9 thousand USD. The year-on-year variation has been fairly positive, with a gradual decrease in the growth rate. From 2022 to 2023, the import value increased by 4.49%, standing at 2259.9 thousand USD in 2023. The 5-year compound annual growth rate (CAGR) is at 4.55%, indicating a steady increase in the import value over the past five years. Forecasts suggest a continued upward trend, with the CAGR projected at 2.9% and an overall 15.36% growth rate over the next five years.
Future trends to watch for include fluctuations in global seed prices, changes in agricultural policies in Thailand, and potential shifts in the demand for different types of flower seeds. Additionally, advancements in agricultural technology and changes in consumer preferences may also impact the import volumes and values.
