The import of air conditioners without a refrigerating unit to Thailand stood at USD 7.4971 million in 2023. The trends from 2013 to 2023 indicate a volatile pattern with significant fluctuations. A notable spike occurred in 2014 with a 124.38% increase year-on-year. Following years saw varying growth rates including declines in certain years such as 2015 and 2020.

The recent trends over the last two years show consistent growth with a 3.21% increase in 2022 and a 3.05% increase in 2023. The 5-year CAGR up to 2023 is 2.86%, indicating modest but stable growth.

Looking forward, forecasted data from 2024 to 2028 suggest a gradual increase in import value, with a forecasted 5-year CAGR of 2.26%. The long-term growth rate over this period is projected at 11.81%, suggesting a steady upward trend.

Future trends to watch for include:

Technological advancements in air conditioning products impacting import demand
The impact of environmental regulations on the types of air conditioners imported
Fluctuations in global supply chains affecting import volumes and values
Thailand's economic conditions influencing purchasing power and import requirements