The forecasted import of non-refractory mortars and concretes to Thailand indicates a consistent upward trend from 4.4596 million kilograms in 2024 to 5.1609 million kilograms in 2028. These projected figures show a stable year-on-year increase averaging around 3.6% based on the given data. In 2023, the imports stood at 4.2941 million kilograms. The year-on-year variation includes:
- 2024: Increase of 3.8% from 2023.
- 2025: Increase of 4.1% from 2024.
- 2026: Increase of 3.8% from 2025.
- 2027: Increase of 3.6% from 2026.
- 2028: Increase of 3.4% from 2027.
Over the last five years, the compound annual growth rate (CAGR) is approximately 3.8% per year, indicating steady growth in imports.
Future trends to watch for include fluctuations in construction activity in Thailand, advancements in alternative materials, and potential trade policy changes which could influence import volumes.
