The import of aluminium foil to Thailand showed fluctuations between 2013 and 2023, progressing from $316.82 million in 2013 to $443.54 million in 2023. Over the past decade, there were notable year-on-year variations such as a significant drop of -14.26% in 2020 due to global uncertainties. The 2021 year marked a robust rebound with a 24.25% increase. Since then, the growth has stabilized with a year-on-year change of 2.83% in 2023.
Last five years' compound annual growth rate (CAGR) stands at 2.18%, indicating steady growth despite occasional fluctuations. The forecast for the next five years points towards a moderate annual growth rate of 2.11%, suggesting a continued yet more gradual expansion through to 2028, achieving a cumulative growth rate of 11.02% over the forecast period.
Future trends to watch for:
- Global trade policies and tariffs impacting aluminium imports.
- Technological advancements in aluminium foil manufacturing.
- Supply chain dynamics, particularly from major exporting countries.
- Economic growth rates and industrial demands within Thailand.
