The import of refractory ceramic constructional goods to Thailand exhibited fluctuations from 2013 to 2023. The value of imports in 2023 stood at 79.643 million US dollars. Year-on-year variations reveal a significant dip in 2015 by 24.55% followed by a notable increase of 36.44% in 2017. From 2020 onward, the trend saw moderate growth with a 23.96% rise in 2021 and smaller increments thereafter. The Compound Annual Growth Rate (CAGR) for the last five years was 2.54%, indicating steady growth.
Future trends to watch for include:
- Continued growth with a forecasted CAGR of 1.97% for the next five years.
- The total growth rate for imports is expected to be 10.25% by 2028, suggesting a stable import demand for refractory ceramic goods.
- Potential market shifts or economic changes that could impact the import levels and supply chain dynamics.