Analysis of Forecast: Furniture Exports to Qatar by Thailand, based on the provided data, shows a steady increase in export values from 2024 to 2028. In 2023, the actual export value stood at 2.130 million US Dollars. The forecasted data indicates the following year-on-year percentage variations:
- 2024: +0.23%
- 2025: +0.26%
- 2026: +0.25%
- 2027: +0.24%
- 2028: +0.24%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately +0.24% per year.
Future trends to watch for:
- Shifts in consumer preferences in Qatar towards more sustainable and innovative furniture options could impact demand.
- Trade policies and economic conditions between Thailand and Qatar may influence export levels.
- Technological advancements in furniture manufacturing could lead to more competitive pricing and higher export values.