Forecast: Import of Parts and Accessories for Motor Vehicles to Thailand

The import of parts and accessories for motor vehicles to Thailand shows a consistent upward trend from 2024 through 2028. The imports are forecasted to increase from $7.8881 billion in 2024 to $8.6728 billion in 2028. This steady growth reflects an annual compound growth rate (CAGR) indicating a prosperous and expanding automotive sector in Thailand. For context, the actual value in 2023 stood at $7.6901 billion.

Year-on-year variations are as follows:

• 2025: 2.57% increase
• 2026: 2.45% increase
• 2027: 2.34% increase
• 2028: 2.24% increase

Over a longer period, the consistent growth suggests an annual average increase. This trend is likely driven by ongoing developments in the automotive sector, increased vehicle production rates, and continuous advancements in automotive technologies requiring various parts and accessories.

Future trends to watch for include:

• Increasing investments in electric vehicle (EV) parts and infrastructure.
• Changes in trade policies and their impact on import tariffs and regulations.
• Technological advancements influencing the types of motor vehicle parts in demand.
• Economic factors such as GDP growth and consumer spending power in Thailand.