In Thailand, the import of blades for knives for hand use was 531.14 thousand kilograms in 2023. Over the last two years, the year-on-year variation showed a slight increase of 1.76% in 2023, following a 1.83% increase in 2022. The compound annual growth rate (CAGR) from 2018 to 2023 was 1.91%, indicating moderate growth over this period.
Looking forward, the import forecast suggests continued growth, with an expected volume of 579.18 thousand kilograms by 2028. This reflects a forecasted 5-year CAGR of 1.36%, resulting in a 7.01% growth rate from 2023 to 2028.
Future trends to watch for:
- Potential impacts of trade policies and agreements
- Technological advancements in knife blade production
- Changes in consumer demand and preferences
- Macroeconomic factors affecting import capacity and costs