The import of electric cooking, grilling, and roasting equipment to Thailand has shown considerable growth over the past decade. The import value stood at $34.816 million in 2013 and increased to $89.892 million in 2023. Certain years exhibited sharp increases, notably in 2017 (24.3%) and 2018 (45.39%), while others showed more modest growth or slight declines. Over the past two years, the year-on-year growth was 4.29% and 2.53%, reflecting a more stable upward trend. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.88%.
Future projections indicate a continued increase, with the import value expected to reach $107.47 million by 2028. The forecasted 5-year CAGR is 2.81%, resulting in an overall growth rate of 14.84% by that time.
Future trends to watch for:
- Technological advancements influencing product quality and features
- Changes in consumer preferences toward energy-efficient and smart cooking devices
- Impact of potential trade policies and tariffs on import volumes
- Economic factors influencing household disposable income and spending patterns
