The import of refined copper bars, rods, and profiles to Thailand saw fluctuating trends from 2013 to 2023. In 2023, the import value stood at 11.186 million US dollars. Notable year-on-year variations include a significant increase in 2017 by 39.99% and a subsequent decline in 2020 by 18.98%. Over the last five years, the CAGR has averaged at -3.48%, indicating a general downward trend. The forecast from 2024 to 2028 suggests a continued decline with a forecasted 5-year CAGR of -2.2%.
Future trends to watch for include potential impacts of global economic shifts, changes in industrial demand, and trade policies. Additionally, technological advancements and the transition towards renewable energy could influence copper demand significantly.
