In 2023, the table tennis equipment market in Thailand stood at 5.4368 million US dollars. Over the past ten years, there has been fluctuation with notable year-on-year variations, including significant dips in 2020 due to pandemic effects but a robust recovery in 2021. The average yearly growth or CAGR over the last five years was approximately -0.0068%, indicating a very slow decline. Looking ahead, the forecast indicates a stable but slightly decreasing trend, with the CAGR for the next five years projected to be -0.01%.
Future trends to watch for include:- The impact of health and wellness trends on sports equipment sales- The potential growth of e-commerce in sports goods distribution- Changes in local manufacturing capabilities affecting market prices- Sporadic impacts from global events on consumer spending and supply chains.
