The import of iron or steel tableware and kitchenware to Thailand stood at 107.03 million USD in 2023. Moving forward, the forecasted data indicates a steady increase, with values reaching 112.23 million USD in 2024, 116.72 million USD in 2025, 121.13 million USD in 2026, 125.44 million USD in 2027, and 129.67 million USD in 2028. This represents year-on-year growth rates of 4.86%, 4.00%, 3.78%, 3.56%, and 3.37% respectively from 2024 onwards. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 4.12%.
Future trends to watch for include potential impacts from changes in global steel prices, trade policies, and shifts in consumer preferences towards sustainable and durable kitchenware. Additionally, the influence of economic conditions within Thailand, such as disposable income levels and urbanization trends, will be critical in shaping the demand for these imports.