Forecast: Basic Metals Exports to the US by Thailand

The export of basic metals from Thailand to the US has observed significant fluctuations over the years. From 2013 to 2023, the annual value increased from $297.81 million to $578.71 million. This presents an overall trend of growth with substantial year-on-year variations. Notably, 2014 (-23.48%) and 2020 (-14.21%) saw significant decreases, while 2017 (110.56%) and 2021 (24.33%) experienced substantial increases. Over the last five years, the compound annual growth rate (CAGR) was 1.83%, suggesting more moderate growth.

Looking ahead, the forecast indicates continued growth with a CAGR of 2.15% up to 2028, reaching $663.41 million from $578.71 million in 2023. The anticipated five-year growth rate is projected at 11.21%.

Future trends to watch for include:

• The impact of global economic conditions on demand for basic metals.
• Trade policy changes between Thailand and the US.
• Technological advancements and innovations in metal production impacting export capabilities.
• Shifts in key end-use industries such as automotive, construction, and electronics.