Analysis of the audiovisual and broadcasting services exports to Thailand by Japan reveals a fluctuating trend over the years. In 2023, the exports were valued at USD 18.855 million, indicating a significant decline compared to previous years. The year-on-year variation for the recent two years shows a decrease of 11% in 2022 and 9.95% in 2023. Additionally, the compound annual growth rate (CAGR) over the last five years stands at -6.35%, highlighting a consistent downward trend.
From 2024 onward, the forecasted data predicts a continued decline, with the export value anticipated to drop to USD 8.0004 million by 2028, resulting in a forecasted five-year CAGR of -13.58% and an overall growth rate decline of 51.8% over the same period.
Future trends to watch for include potential impacts of digital transformation in the audiovisual and broadcasting sectors, evolving consumer preferences in Thailand, and developments in bilateral trade agreements between Japan and Thailand. These factors could influence the trajectory of exports in coming years.
