The forecast for Thailand's furniture exports to Mexico from 2024 to 2028 shows a consistent upward trend. Starting from 4.2745 million USD in 2024, the value increases to 4.836 million USD by 2028. The forecasted year-on-year percentage variations are 3.38% for 2025, 3.2% for 2026, 3.05% for 2027, and 2.9% for 2028. The compound annual growth rate (CAGR) over this five-year period stands at approximately 2.81%.
In 2023, the value of Thailand's furniture exports to Mexico stood at 4.1309 million USD. Comparing the 2023 value to the forecasted 2024 value shows an increase of 3.48%, indicating steady growth momentum.
Future trends to watch for include potential impacts of trade agreements, exchange rate fluctuations, and shifts in consumer demand in both Mexico and Thailand. Additionally, monitoring raw material costs and supply chain dynamics will be crucial for understanding future export performance.