The import volume of parts of steam and vapor turbines to Thailand witnessed a substantial decrease from 2013 to 2023, standing at 0.34608 million kilograms in 2023. Over the past two years, the year-on-year variation revealed a declining trend: -5.37% in 2022 and -5.57% in 2023. The compound annual growth rate (CAGR) for the last five years was -5.84%, indicating a consistent downward trend in import volumes.
Key trends over a longer period revealed an initial increase until 2015, followed by a significant decrease from 2017 to 2023. The most notable drop occurred in 2018 with a -68.21% year-on-year change.
Future Trends to Watch for:
- Ongoing declines in import volumes necessitate monitoring of domestic production capabilities and technological advancements.
- Economic factors, government policies, and potential shifts towards alternative energy sources.
- Global supply chain dynamics and any emerging trade agreements or restrictions.
