The forecast for Thailand's import of motor vehicles for the transport of persons shows a consistent upward trend from 2024 to 2028, with values moving from 1.2939 billion USD in 2024 to 1.4068 billion USD in 2028. This indicates a steady year-on-year growth. Comparing the projected values for 2025 (1.323 billion USD) and 2026 (1.3515 billion USD) with 2024, we can see percentage variations of approximately 2.3% for 2025 and 2.2% for 2026, respectively. The compound annual growth rate (CAGR) over the five-year period is projected to be around 2.1%.

Future trends to watch for:

Developments in electric vehicle (EV) adoption and infrastructure, as this could significantly impact import patterns.
Changes in trade policies and tariffs influencing vehicle imports.
Evolving consumer preferences towards sustainable and fuel-efficient vehicles.
Economic factors such as GDP growth, disposable income, and exchange rates impacting purchasing power and import demand.