Thailand's import of bombs, grenades, mines, missiles, and ammunition has fluctuated significantly from 2013 to 2023. The value stood at 134.02 million USD in 2023, reflecting year-on-year variations and compound annual growth rates (CAGR) showing diverse trends over the years. From a peak in 2013 to a significant drop in 2014, the imports experienced various surges and declines, with notable growth in 2018. More recently, the values showed steady growth, with a year-on-year increase of 3.73% in 2023 and a 5-year CAGR of 2.14%.
Future trends indicate a continued increase with a forecasted 5-year CAGR of 2.72% and an aggregate growth rate of 14.36% by 2028. Key factors to watch for include defense budget allocations, geopolitical developments, and advancements in military technology that could influence import needs and market dynamics.
