Analyzing the import trends of natural fluorine minerals to Thailand from 2013 to 2023, the import value fluctuated; it saw notable increases in some years such as 2017, 2021, and 2022 while experiencing declines in 2016 and 2020. The import value in 2023 stood at 7.3716 Million US Dollars, representing a year-on-year increase of 1.98%.
From 2019 to 2023, the compound annual growth rate (CAGR) averaged 2.04%, indicating a moderate upward trend in imports over the last five years.
Future trends to watch for:
- Given the forecast data from 2024 to 2028, a slower but stable growth trajectory is anticipated with a 5-year CAGR of 1.52%.
- Increasing global demand and possible supply chain shifts due to geopolitical or environmental factors.
- Technological advancements in alternative materials potentially impacting the demand for natural fluorine minerals.
- Any changes in Thailand's industrial policies or trade agreements could significantly affect these import trends.
