Forecast: Import of Angles, Shapes and Sections of Stainless Steel to Thailand

The import of angles, shapes, and sections of stainless steel to Thailand in 2023 stood at 5.34 million kilograms, showing a steady increase. A detailed year-on-year analysis reveals variable growth with notable fluctuations: a significant increase of 35.03% in 2015, a drop of 15.13% in 2020, and subsequent steady increments, including a 1.98% rise in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 2.31%.

Future forecasts suggest a consistent uptrend with predicted imports of 5.88 million kilograms by 2028, indicating a forecasted 5-year CAGR of 1.52% and an overall growth of 7.86%. Key trends to watch include potential impacts of global steel prices, evolving trade policies, and increasing demand in domestic construction and manufacturing sectors.