Between 2013 and 2023, Thailand's fluorspar production has shown significant variability, with fluctuations in both growth and declines year on year. The value stood at 69.84 thousand metric tons in 2023. The period from 2019 to 2023 saw moderate year-on-year increases, except for a dip in 2020. The Compound Annual Growth Rate (CAGR) over the past five years indicates a 4.67% average increase per year. Forecasts for 2024 and onwards project a steady growth trend, with a forecasted CAGR of 2.92% for the next five years, indicating a more stable growth trajectory than in the past.
Future trends to watch for include potential impacts from global economic conditions and demand shifts in industries reliant on fluorspar, such as aluminum production and hydrofluoric acid manufacturing. Additionally, advancements in mining technology and regulatory changes in environmental standards could influence production levels.
