Thailand's import of lighting or visual signalling equipment has been increasing steadily, and for 2023, the import volume stood at approximately 12.5 million kilograms. The forecast data for 2024 to 2028 shows progressive growth year-on-year. Specifically, the import volume is expected to increase to 12.869 million kilograms in 2024, 13.334 million kilograms in 2025, 13.79 million kilograms in 2026, 14.238 million kilograms in 2027, and 14.676 million kilograms in 2028. This translates to an annual growth rate of approximately 3% over the forecast period.
- The actual imports for 2023 stood at 12.5 million kilograms.
- The year-on-year growth from 2023 to 2024 is 2.96%.
- The year-on-year growth from 2024 to 2025 is 3.61%.
- The year-on-year growth from 2025 to 2026 is 3.42%.
- The year-on-year growth from 2026 to 2027 is 3.24%.
- The year-on-year growth from 2027 to 2028 is 3.08%.
Future trends to watch for include the impact of technological advancements in lighting and visual signalling equipment, which could drive changes in import volumes. Additionally, shifts in local manufacturing capacity and trade policies can significantly influence these trends.
