The import of refrigerators and freezers to Thailand has shown a varied trend from 2013 to 2023. After initial declines, the value remained relatively stable until a noticeable increase began in 2018. As of 2023, the imports stood at 362.28 million US dollars, marking a steady rise. The year-on-year variation over the last two years shows an increase of 2.36% from 2022 to 2023. The compounded annual growth rate (CAGR) over the past five years is 2.12%, signaling a gradual upward trend.
Future trends to watch for include:
- Continued steady growth as per the forecasted data from 2024 to 2028.
- A five-year forecasted CAGR of 1.79%, indicating a moderate growth.
- A forecasted growth rate of 9.26% by 2028, suggesting increasing demand and an expanding market.