The import of epoxides, epoxy-alcohols, phenols, and ethers to Thailand experienced significant fluctuations from 2013 to 2023, commencing at 583.16 thousand USD in 2013 and crescendoing to 2528.6 thousand USD in 2023. Over the last two years, there was a year-on-year increment of 8.38% in 2022 and a slight rise of 2.82% in 2023. Analyzing the 5-year span from 2018 to 2023 reveals an average annual growth rate (CAGR) of -0.63%, highlighting a period of slight overall decline.
Looking ahead, the forecasted data from 2024 to 2028 indicates moderate growth, with a five-year CAGR of 2.12%, suggesting a steady increase in imports, anticipated to rise to 2883.8 thousand USD by 2028. The projected 5-year growth rate is estimated at 11.07%.
Future trends to watch for:
- Global supply chain dynamics and their impact on the availability and pricing of epoxides and related compounds.
- Technological advancements and their influence on the industrial applications of these chemicals in Thailand.
- Policy changes and trade agreements impacting import tariffs and regulations.
