In 2023, the import of flower seeds for sowing to Thailand stood at a higher volume compared to the forecasted values for the subsequent years. The forecasted data indicates a consistent decline in the import volume from 2024 to 2028. Specifically, imports are projected to decrease from 972.85 kilograms in 2024 to 559.2 kilograms in 2028.
The year-on-year variation shows a notable decline:
- 2024 to 2025: -10.96%
- 2025 to 2026: -12.06%
- 2026 to 2027: -13.44%
- 2027 to 2028: -15.20%
Analyzing over a longer period, the compounded annual growth rate (CAGR) of imports from 2023 to 2028 is in decline, indicating an average annual decrease in import volume.
Future trends to watch for include changes in domestic cultivation capabilities in Thailand, potential trade policy adjustments, and shifts in global market dynamics for flower seeds. Monitoring these factors will be crucial for understanding and potentially mitigating the declining trend in import volumes.
