Forecast: Import of Pipe Fittings of Iron or Steel to Thailand

The import of pipe fittings of iron or steel to Thailand stood at 277.45 million USD in 2023. The forecasted values show a stable, incremental growth in imports: 278.14 million USD in 2024, 278.76 million USD in 2025, 279.37 million USD in 2026, 279.97 million USD in 2027, and 280.55 million USD in 2028. Year-on-year variations show a minimal growth rate, maintaining a steady import value increase of approximately 0.22% to 0.23% per year based on the last two years. The compound annual growth rate (CAGR) over the five years is modest, indicating a stable market.

Future trends to watch for include:

  • Changes in global steel prices, which could impact import costs.
  • Thailand’s infrastructure development projects, potentially increasing demand for pipe fittings.
  • Trade policies or tariffs affecting imports from major steel-producing countries.
  • Technological advancements in pipe fitting manufacturing that might shift the market dynamics.