Thailand's furniture exports to Brunei stood at $350.00 thousand in 2023. For 2024, the forecasted value is $345.73 thousand, showing a -1.22% year-on-year variation. By 2025, this value decreases to $340.58 thousand, reflecting a -1.49% year-on-year decline. In 2026, the projected export value further declines to $335.53 thousand (-1.48% year-on-year). For 2027, it is expected to reach $330.58 thousand (-1.48% year-on-year) and continue to decrease to $325.73 thousand in 2028 (-1.47% year-on-year). The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -1.43%.
Future trends to watch for include potential changes in trade policies between Thailand and Brunei, shifts in consumer preferences, and economic conditions in both countries. Additionally, advancements in furniture design and sustainability standards might influence market dynamics.
