The import of particle board of wood to Thailand is projected to increase steadily from $8.5135 million in 2024 to $9.774 million in 2028. This represents a consistent upward trend for the next five years. For 2023, actual import values were slightly lower, serving as the baseline for this forecasted growth.
Year-on-year variations show a gradual increase:
- 2025: 3.81% increase from 2024
- 2026: 3.60% increase from 2025
- 2027: 3.40% increase from 2026
- 2028: 3.23% increase from 2027
The last Compound Annual Growth Rate (CAGR) is estimated at 3.51% over the forecast period from 2024 to 2028.
Future trends to watch for include the impact of economic conditions, changes in furniture and construction industries, and potential trade policies affecting import tariffs and regulations. Monitoring these factors will be crucial to understanding and anticipating further changes in import volumes and values.
