The import of lamp and lighting fitting parts of glass to Thailand exhibited a fluctuating trend from 2013 to 2023. The highest recorded import value was in 2015, with a progressive decline observed from 2016 onwards. From 2020, a notable decline continued with minor recovery in 2021 but fell again in subsequent years.
Key year-on-year variations: - 2021: +18.49%- 2022: -5.53%- 2023: -3.70%
The Compound Annual Growth Rate (CAGR) over the previous five years is -3% till 2023. Forecasts indicate a continued downward trend with a forecasted five-year CAGR of -3.56%, culminating in a -16.57% growth rate by 2028.
Future Trends to Watch For:- Industry shifts towards energy-efficient and smart lighting solutions.- Potential impacts of economic policies and trade agreements.- Technological advancements in lighting that may affect import demands.
