The import of super-heated water boilers to Thailand has shown significant fluctuations over the past decade, with values reaching $3.3252 million in 2023. Over the most recent two years, imports showed a slight increase: 1.68% year-on-year in 2023 after a marginal decrease of -0.25% in 2022. Over the last five years, the CAGR was approximately -2.88%, reflecting a declining trend on average.
Future projections indicate a steady growth rate for imports, with a forecasted average annual growth rate of 1.3% from 2024 to 2028, suggesting a gradual recovery. By 2028, imports are anticipated to reach $3.6162 million, representing a cumulative growth rate of 6.67% over the forecasted period. Future trends to watch for include advancements in boiler technology, changes in energy policies, and fluctuations in industrial demand, which could significantly influence import volumes.
