Forecast: Import of Builders Joinery and Carpentry of Wood to Thailand

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.