Based on the provided data, Thailand's textiles exports to the UK experience a forecasted year-on-year decline starting from USD 17.248 million in 2024 to USD 11.488 million in 2028. In 2023, the actual export value stood at USD 18.938 million. The year-on-year variations display a clear downward trend:
- From 2024 to 2025, the export value decreases by 8.6%.
- From 2025 to 2026, the export value decreases by 9.2%.
- From 2026 to 2027, the export value decreases by 9.4%.
- From 2027 to 2028, the export value decreases by 10.9%.
The compounded annual growth rate (CAGR) from 2023 to 2028 indicates an average annual decline of approximately 9.6%.
Future trends to watch for include possible shifts in trade policies, economic impacts from global events, and changes in consumer preferences in the UK which could further influence the demand for textiles from Thailand.
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