The year-on-year variation for 2022 was -0.59%, followed by -0.58% in 2023. The compound annual growth rate (CAGR) over the past 5 years was 0.83%. Looking forward, the forecasted 5-year CAGR is -0.49%, with a 5-year growth rate of -2.42% by 2028.
Future Trends to Watch: Technological advancements, shifts in industrial demand, and policy changes towards renewable energy sources will significantly influence the import patterns of electric motor and generator parts in Thailand.
