From 2013 to 2023, the import of saw blades including stone cutting to Thailand has shown a steady upward trend, rising from $8.6575 Million in 2013 to $17.196 Million in 2023. The highest year-on-year increase was seen in 2014 at 29.56%, while the only significant decrease occurred in 2018 at -9.03%. Over the last five years, the average annual growth (CAGR) stood at 4.08%. In 2023, the import value was $17.196 Million, indicating resilience in the market despite fluctuations.
Future trends to watch:
- The forecasted 5-year CAGR till 2028 is 2.22%, suggesting moderate, sustained growth.
- Monitoring shifts in global trade policies and local construction demands could impact import volumes.
- Innovations in saw blade technology and the rise of cost-effective alternatives may alter market dynamics.
