The import of safety glass to Thailand showed significant growth from 2013 to 2023. Starting from $61.872 million in 2013 to $164.01 million in 2023, the value more than doubled. Notable periods of sharp increases include 2016 and 2017, with year-on-year variations of 97.12% and 15.33% respectively. However, some declines were observed, like in 2014 (-6.17%) and 2020 (-12.38%). From 2021 to 2023, the imports picked up again, culminating in a 4.5% increase by 2023. The 5-year CAGR from 2018 to 2023 stood at 5.85%, reflecting a moderate but steady growth trend.
Looking ahead, from 2024 onwards, the forecasts suggest a continued upward trajectory, with imports reaching $200.89 million by 2028. The projected 5-year CAGR is 3.18%, indicating sustained but slightly slowing future growth.
Future trends to watch for include the impact of technological advancements in the production and application of safety glass, changes in trade policies, economic conditions, and potential disruptions in global supply chains that could affect the import dynamics.
