The import value of aircraft, spacecraft, and parts thereof to Thailand stood at 3.6739 billion USD in 2023. Over the years, this import market has seen fluctuations with notable peaks and troughs. Between 2013 and 2017, the market experienced significant variability with growth rates ranging from a high of 94.43% in 2013 to a decline of 30.52% in 2014. From 2018 to 2023, the import value hovered around the 3 billion USD mark, with slight upward and downward movements.
In the recent two-year period (2022-2023), the year-on-year growth was more stable, showing a consistent if modest increase (8.05% in 2022 and 2.53% in 2023). The compound annual growth rate (CAGR) over the past five years leading up to 2023 was 4.52%, indicating a modest but steady growth trend overall.
Forecasts for the years 2024 to 2028 suggest a continued upward trend, with the CAGR for this period expected to be 1.92%. The total growth rate over these five years is projected to be 9.99%, indicating a sustained positive trajectory in imports.
Future trends to watch for include advancements in aerospace technologies, increased demand for space exploration initiatives, and possible regulatory changes affecting import policies. Additionally, economic conditions both globally and nationally will play critical roles in shaping the import landscape for aircraft and spacecraft parts.
