The import values of pearls, precious stones, metals, and coins to Thailand from 2013 to 2023 presented significant volatility, influenced by various economic conditions. The data points reveal substantial year-on-year variations: a steep decline in 2014 by -48.31%, a recovery in 2017 by 75.23%, and another lift in 2021 by 24.56%. The value stood at 17.953 billion USD in 2023, reflecting a modest increase compared to the previous years. The CAGR over the past five years stands at 2.6%, indicating moderate growth. Looking forward, forecasted data from 2024 to 2028 suggest a CAGR of 2.26%, signaling steady but slow growth.
For future trends, watch for:
- Global economic conditions and their impact on luxury goods' demand.
- Regulatory changes within Thailand and international trade policies.
- Technological advancements in gemstone processing which may impact import value.