The import of wooden pallets, box pallets, and load boards to Thailand has shown a fluctuating but overall positive trend since 2013. The value stood at 8.0063 million USD in 2023. Over the past decade, the import value witnessed notable peaks and troughs. The highest year-on-year growth was recorded in 2016 at 41.19%, while significant declines were seen in 2018 and 2020, at -9.6% and -13.59% respectively. The five-year CAGR leading up to 2023 is 4.52%. The forecasted CAGR for the next five years is anticipated to be 2.52%, with a cumulative growth rate of 13.24% by 2028.
Future trends to watch for include:
- Impact of global supply chain disruptions
- Implementation of sustainable and reusable packaging solutions
- Technological advancements in material handling and logistics
- Economic policies affecting import tariffs and trade agreements
