The historical data up to 2023 for Thailand's chemicals and chemical products exports to China reveals significant fluctuations. Starting at $6.6865 billion in 2013, the value dropped to a low of $5.322 billion in 2015 before recovering to $10.261 billion in 2023. The notable year-on-year variations ranged from a peak increase of 41.36% in 2017 to a decrease of 18.64% in 2015. The last two years exhibited moderate growth, with a 9.22% rise in 2022 and a 3.55% rise in 2023. The five-year CAGR from 2019 to 2023 stands at 2.81%, reflecting gradual but steady growth, averaging an annual increase of 2.81%.
The forecasted data starting from 2024 suggests a continued upward trend, with the exports value expected to climb steadily, reaching $12.073 billion by 2028. The predicted five-year CAGR from 2024 to 2028 is estimated at 2.61%, indicating a slightly slower but consistent growth trajectory.
Future trends to watch for include potential impacts of global trade policies, advancements in chemical manufacturing, and China's demand for specialized chemical products. Additionally, environmental regulations and sustainability initiatives could influence both production and export strategies.
