Forecast: Import of Cement to Thailand

Thailand's import of cement is projected to increase steadily over the coming years. In 2023, actual imports stood at $81.5 million. From 2024 to 2028, forecasted values show a consistent growth trend: $85.635 million in 2024, $89.936 million in 2025, $94.15 million in 2026, $98.281 million in 2027, and $102.33 million in 2028.

Key variances year-on-year are as follows:

- 2024: +5.1%
- 2025: +5.0%
- 2026: +4.7%
- 2027: +4.4%
- 2028: +4.1%

The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 4.7%.

Looking ahead, several trends may impact cement imports to Thailand:

- Economic growth and infrastructure projects will likely drive demand.
- Fluctuations in global cement prices and supply chain disruptions could affect import volumes.
- Environmental regulations and sustainable practices may influence the demand for alternative construction materials.