Over the past decade, the import of Builders Joinery and Carpentry of Wood to Thailand has shown considerable fluctuations. Between 2013 and 2016, import values fluctuated modestly, but a significant surge happened in 2017 with a year-on-year increase of 36.64%. From 2018 to 2023, the trend showed a steady incline, with values standing at 28.294 million US Dollars in 2023, representing a year-on-year increase of 3.7%. The average annual growth over the last five years (CAGR) stood at 3.04%.
For the future, imports are forecasted to continue their upward trend, with a projected 5-year average annual growth rate (CAGR) of 2.69%, reaching 33.571 million US Dollars by 2028. This forecast indicates a more stable yet continuous growth in the sector.
Future trends to watch for:
- Impact of global trade policies on wood imports.
- Technological innovations in construction materials.
- Sustainability trends affecting wood usage.