The import volume of basic dyes and preparations to Thailand has exhibited notable fluctuations over the past decade. In 2023, the import volume stood at 911.85 thousand kilograms, reflecting a modest year-on-year increase of 1.32%. Over the previous two years, the import volume has grown consistently, with a 6.7% rise in 2022 and a 16.08% increase in 2021. On a longer-term scale, the last five years’ compound annual growth rate (CAGR) averaged at 1%, marking a stabilization trend despite intermittent year-on-year declines. Looking forward, the forecasted data from 2024 to 2028 shows a conservative growth trajectory with a 5-year CAGR of 1.05% and a total growth rate of 5.38% by 2028.
Future trends to watch for include:
- Potential adjustments in global supply chains affecting import volumes.
- Environmental regulations impacting dye formulation and sourcing.
- Technological innovations in dye applications and their market acceptance.
