The import of refined copper and copper alloys to Thailand has shown significant fluctuations over the past decade. Starting at 1.9273 billion USD in 2013, the value decreased for the next two years, followed by an increase in 2016. A sharp rise was observed from 2017 to 2019, decreasing slightly again in 2020. Post-2020, a consistent rise led the value to stand at 2.9072 billion USD in 2023. The year-on-year growth for 2021 was 24.49%, slowing down to 3% in 2023. The 5-year CAGR from 2019-2023 was 2.62%.
Going forward, the forecast from 2024 to 2028 projects a steady increase with a 5-year CAGR of 2.23%, amounting to a growth rate of 11.65% over this period. The value is expected to reach 3.3496 billion USD by 2028.
Future trends to watch for include the global demand for renewable energy and electric vehicles, which could increase the demand for copper. Geopolitical shifts and economic policies in copper-producing countries may also influence imports. Additionally, advancements in recycling technologies could impact Thailand’s copper import needs.
