Fibreboard production in Thailand has shown a nuanced growth pattern. From 2013 to 2023, with values rising from 3.1249 to 4.7508 million cubic meters, the compound annual growth rate (CAGR) varied but generally pointed to a steady positive trend. Year-on-year changes highlighted some fluctuations, notably a significant dip in 2020 followed by a recovery. The forecast for 2024 and beyond anticipates continued but modest growth, with a projected CAGR of 1.34% over the next five years.
Future trends to watch for include:
- Potential impact of environmental regulations on production processes
- Technological advancements in manufacturing techniques
- Shifts in domestic and global demand influencing production volumes
- Supply chain adjustments and raw material availability
