The import of inflatable pleasure craft to Thailand exhibits notable fluctuations from 2013 to 2023, with significant growth years interspersed with sharp declines. The value stood at 2,196 Thousand US Dollars in 2023. Specifically, recent years showcase a steady increase: 87.81% in 2021, 0.94% in 2022, and 2.82% in 2023. The compounded annual growth rate (CAGR) over the last five years is 2.35%, reflecting moderate but consistent growth.
Future trends to watch for include:
- Continued moderate growth with a forecasted 5-year CAGR of 2.1% from 2023 to 2028.
- Factors influencing demand include tourism trends, economic stability, and new water sports attractions.
- Policy changes and import regulations could impact trade patterns.
- Technological advancements and innovations in inflatable pleasure craft could potentially boost market demand.
