The import of pigments for paints and dyes packaged for retail to Thailand showed fluctuating trends over the years. From 2013 to 2023, the value rose from $35.537 million in 2013 to $47.749 million in 2023, with significant yearly variations. Notable changes include an 11.67% increase in 2018 and a 14.82% decline in 2020. The average growth rate (CAGR) from the past five years stands at 1.97%, reflecting a modest but steady increase. The projected value is expected to reach $53.2 million by 2028, with a forecasted CAGR of 1.76%, indicating a continued but slowing growth.
Future trends to watch:
- Advancements in eco-friendly pigments and dyes driven by increasing environmental regulations.
- Technological innovations in the paints and coatings industry potentially impacting import demand.
- Fluctuations in global supply chains and raw material prices that may affect import values.