The import value of new pneumatic tyres of rubber for bicycles to Thailand is projected to increase slightly year on year from 2024 to 2028. Specifically, the import values in million US dollars are expected to grow as follows: 2024 (5.1571), 2025 (5.2147), 2026 (5.2712), 2027 (5.3265), and 2028 (5.3807). In 2023, the import value stood at 5.1000 million US dollars.
The year-on-year variations for the last two years are minimal, indicating steady growth. This represents a gradual average variation per year, highlighted by a compound annual growth rate (CAGR) indicative of stable market demand and supply dynamics in Thailand.
Future trends to watch for include potential changes in global rubber prices, shifts in consumer preferences towards eco-friendly bicycle products, and the impact of technological advancements in tyre manufacturing which could influence the import values. Additionally, economic factors and trade policies within the region may also play significant roles in shaping these trends.
