The import of Equipment for Gymnastics, Sports, and Outdoor Games to Thailand experienced fluctuating trends from 2013 to 2023. Notably, imports showed significant growth in certain years, reaching a high value of 186.85 million USD in 2023. The period from 2022 to 2023 saw a moderate increase of 2.52%, continuing the upward trend observed over the previous two years. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 1.96%, indicating a steady yet moderate growth in this sector.
Looking forward, the forecast for the next five years anticipates import values increasing steadily, reaching 210.85 million USD by 2028. The five-year forecasted CAGR of 1.9% aligns closely with the historical trend, highlighting a consistent growth trajectory. Overall, the expected growth rate for the next five years stands at 9.88%.
Future trends to watch for:
- Increasing consumer demand for fitness and outdoor activities in Thailand.
- Technological advancements in sports equipment driving higher imports.
- Potential economic factors or policy changes that could impact import levels.
