The import value of parts and accessories of electrical measuring instruments to Thailand showed significant variations from 2013 to 2023. Starting at 22.17 million USD in 2013, it reached 53.901 million USD in 2023. Year-on-year variations have ranged from sharp decreases, such as -12.75% in 2013 and -13.68% in 2020, to significant increases, exemplified by 33.26% in 2016 and 27.52% in 2021. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 stands at 4.6%, indicating a positive growth trend in recent years.
Future trends to watch for include a forecasted steady growth with a 5-year CAGR of 2.46% from 2024 to 2028, achieving a total growth rate of 12.93% over this period. Monitoring technological advancements, changes in trade policies, and the evolving needs of industry sectors relying on these parts will be crucial for anticipating further market movements.
