The import of spark-ignition internal combustion engines to Thailand exhibited significant fluctuations from 2013 to 2023, with values settling at 924.55 Million US Dollars in 2023. Notable peaks and dips occurred, such as a steep increase of 42.42% in 2016 and a decline of 24.6% in 2015. Year-on-year variations indicate a rising trend in recent years, with import values increasing by 3.42% in 2023.
From 2019 to 2023, the compound annual growth rate (CAGR) averaged 2.5%. Projected data suggest continued growth with a forecast five-year CAGR of 2.5% and cumulative growth of 13.16% by 2028. Future trends to watch include technological advancements in engine efficiency, changes in trade policies, and shifts in global economic conditions which could influence import patterns.
