The import of physical exercise, gymnasium, and athletics equipment to Thailand has witnessed notable growth from 2013 to 2023, with an increase from $46.313 million in 2013 to $109.62 million in 2023. Year-on-year variations show peaks in 2015 (30.68%) and 2018 (21.95%), while periods of slower growth occurred in 2019 (1.57%) and 2020 (0.14%). The Compound Annual Growth Rate (CAGR) has shown a decelerating trend, moving from 24.64% between 2013-2015 to 4.21% between 2019-2023. Forecasts from 2024 to 2028 predict moderate growth with a forecast 5-year CAGR of 2.87%.
Future trends to watch for:
- Potential impacts of evolving fitness trends and technologies.
- Consistency in import growth aligned with increasing health awareness.
- Economic and policy changes in Thailand that may influence import regulations and costs.