The import of Aluminium Plates, Sheets, and Strip to Thailand has seen varied trends from 2013 to 2023. In 2023, the import value was USD 697.59 million. Historical data reveals significant fluctuations, such as a decline of 17.89% in 2016 and a notable recovery in 2021 with a 23.09% increase. From 2021 to 2023, the growth has been relatively stable with year-on-year increases of 2.07% and 1.99%. The compound annual growth rate (CAGR) over the past five years stands at 1.71%.
Looking ahead, forecast data predicts a steady increase in imports, reaching USD 768.74 million by 2028. This forecast indicates a 5-year CAGR of 1.53%, projecting a total growth rate of 7.89%.
Future trends to watch for include:
- Economic impacts of global trade policies and tariffs on aluminium imports.
- Shifts in demand due to technological advancements and new applications for aluminium.
- Effect of sustainability practices and the push for recyclable materials in the industry.