The Contraceptives Market in Thailand, based on hormones or spermicides, experienced fluctuations over the past decade. From 2012 to 2014, the market showed a steady growth, increasing from $87.443 million to $93.438 million. However, from 2015 to 2019, the market saw a decline, hitting a low of $72.554 million in 2016 before stabilizing around the $73 million mark. The market experienced a slight recovery in 2020 with a value of $74.978 million, followed by an increase in 2021 to $80.485 million. Nevertheless, the market dropped again in 2022 to $72.379 million.
Year-on-year variations indicate a highly fluctuating market. Notably:
- 2020: 2.57% increase
- 2021: 7.34% increase
- 2022: -10.07% decrease
The Compound Annual Growth Rate (CAGR) over the past five years shows an average annual decrease of approximately -0.28%, reflecting the market's instability. Currently, in 2023, the market value stands in line with previous trends, showing slight fluctuations but generally stabilizing.
Future trends to watch for include advancements in contraceptive technology, changes in population demographics, and increased awareness and education about contraceptive methods. Policy changes and economic factors will also play a significant role in shaping market dynamics.
How does Thailand rank in Contraceptives (Based on Hormones or Spermicides) Market Size Value?
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 483,630,000 | 2023 | -0.78% | -0.58% | View data |
| 2 | 2 Argentina | 368,560,000 | 2023 | +2.14% | +3.2% | View data |
| 3 | 3 Italy | 242,670,000 | 2023 | -8.82% | -9.17% | View data |
| 4 | 4 Spain | 214,090,000 | 2023 | -11.7% | -7.16% | View data |
| 5 | 5 Chile | 123,060,000 | 2023 | -0.61% | -1.89% | View data |
| 6 | 6 Thailand | 74,049,000 | 2023 | -0.41% | +0.22% | |
| 7 | 7 Poland | 65,882,000 | 2023 | -6.03% | -4.93% | View data |
| 8 | 8 Switzerland | 62,127,000 | 2023 | -5.57% | -3.62% | View data |
