The import of electric cooking, grilling, and roasting equipment to Thailand has shown significant variation over the past decade. Starting from 2.19 million in 2013, it reached 74.81 million in 2023. The period from 2013 to 2017 experienced tremendous growth, particularly in 2015 (270.65%) and 2016 (202.99%). Following this, there was a notable decrease in 2018 (-14.66%) but resumed modest growth thereafter. The last two years before 2024 saw year-on-year increases of 4.18% and 5.78%. The compound annual growth rate (CAGR) over the past five years stood at 7.22%, highlighting steady incremental growth.
Future trends should watch for:
- Projected moderate growth with a 5-year forecast CAGR of 3.61% up to 2028.
- Emphasis on technological advancements and energy efficiency in electric cooking equipment.
- Potential impacts of tariff changes and trade policies on import volumes.
