From 2013 to 2023, Thailand's export of antibiotics underwent significant fluctuations. The peak was in 2013 with a value of $23.503 million. However, the value declined subsequently, hitting a low in 2018 at $16.435 million. It recovered marginally, reaching $17.436 million by 2023.
Year-on-year variations reveal notable reductions in 2014 and 2017, with decreases of 9.86% and 17.96% respectively. The 2022 value showed a drop of 9.13% from 2021. The average variations over the last 5 years indicate a slight positive growth at 1.19%. Despite minor fluctuations, the overall trend from 2024 to 2028 forecasts a negative average growth rate of -0.09% annually, suggesting a relatively stagnant outlook.
Future trends to watch for include trade policies impacting pharmaceutical exports, global demand shifts for antibiotics, and potential competitive pressures from other exporting nations. Monitoring these factors will be crucial in forecasting more accurate future export figures.
