The import of footwear with uppers of textile materials to Thailand is projected to steadily increase over the coming years. The actual value for 2023 was $236 million, and forecasts predict values of $247.05 million for 2024, $258.57 million for 2025, $269.85 million for 2026, $280.91 million for 2027, and $291.75 million for 2028. This represents a year-on-year variation of approximately 4.68% from 2024 to 2025 and 4.37% from 2025 to 2026. The compound annual growth rate (CAGR) over the next five years averages around 4.38%.
Future trends to watch for include:
- Changes in consumer preferences towards sustainable and eco-friendly footwear
- Technological innovations in textile manufacturing
- Potential trade policy shifts affecting import tariffs and regulations
