Thailand's import of electrical and electronic equipment showed a fluctuating trend from 2013 to 2023. In 2013, imports stood at 37.018 billion USD. Over the following years, they increased gradually, with some slight dips and significant growth in 2017 and 2018, eventually reaching 51.012 billion USD in 2023.
Year-on-year variations highlight significant moments: a drop of -4.45% in 2013, followed by a modest increase in 2014. The growth became more prominent in 2017 at 9.28%, continuing into 2018 at 8.57%. 2020 experienced a marked decrease of -14.59%, whereas 2021 saw a substantial recovery with a 23.82% increase. The growth then stabilized, showing smaller increases in 2022 and 2023.
The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was 2.36%. Looking ahead, forecasted values suggest a continuing upward trend, with the import value reaching 57.568 billion USD by 2028, representing a forecasted 5-year CAGR of 1.9% and a growth rate of 9.88%.
Future trends to watch for include the impact of technological advancements, supply chain disruptions, and changes in global trade policies, which could significantly influence Thailand's importation patterns of electrical and electronic equipment.