The forecast for Thailand's export of radio and radio-telephony receivers shows a declining trend from 2024 to 2028. The export value decreases from $855.44 million in 2024 to $840.77 million in 2028. In 2023, the export value stood at $858.22 million, indicating a year-on-year decline of 0.32% and 0.43% for 2024 and 2025, respectively. Over the past two years (2022-2023), the export values also faced a downward trend, with variations in the range of a similar percentage decline. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decrease of approximately 0.43%.
Future trends to watch for include technological advancements in radio and telecommunication technologies, shifts in global trade policies, and market demand changes driven by consumer preferences and economic conditions. Close monitoring of emerging markets and new product innovations will be essential to understand potential opportunities for reversing the decline in export values.
