By 2023, the import of rifles for sporting, hunting, or target-shooting in Thailand stood at 37.71 thousand kilograms, demonstrating a slight year-on-year variation of 1.78%. Over the last two years, variations indicate a consistent upward trend, with 7.21% in 2022 and 16.65% in 2021, reflecting recovery and growth. Observing a long-term perspective, the 5-year CAGR stands at 2.39%, showing moderate growth.
Future projections indicate a steady increase, achieving 41.04 thousand kilograms by 2028 with a forecasted 5-year CAGR of 1.39% and a forecasted 5-year growth rate of 7.14%. Trends to watch in the future include possible regulatory changes, demand shifts due to evolving consumer preferences, and economic factors potentially impacting import volumes. These factors will be critical in shaping the import dynamics in the coming years.
